Oppenheimer Asset Management Inc. Sells 5,544 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Oppenheimer Asset Management Inc. cut its position in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 53.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,763 shares of the transportation company’s stock after selling 5,544 shares during the period. Oppenheimer Asset Management Inc.’s holdings in United Airlines were worth $329,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Wahed Invest LLC raised its holdings in shares of United Airlines by 5.4% in the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company’s stock worth $204,000 after buying an additional 108 shares in the last quarter. Metis Global Partners LLC grew its position in United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after acquiring an additional 129 shares during the period. Bell Investment Advisors Inc raised its stake in United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of United Airlines by 3.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,702 shares of the transportation company’s stock valued at $359,000 after acquiring an additional 135 shares during the period. Finally, Modera Wealth Management LLC boosted its stake in shares of United Airlines by 3.2% in the 4th quarter. Modera Wealth Management LLC now owns 4,442 shares of the transportation company’s stock valued at $431,000 after purchasing an additional 137 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group dropped their target price on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Bank of America decreased their price objective on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Evercore ISI cut their target price on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Raymond James Financial downgraded United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of United Airlines in a report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $104.64.

United Airlines Stock Performance

Shares of United Airlines stock opened at $79.63 on Tuesday. The firm has a fifty day moving average of $76.27 and a two-hundred day moving average of $85.04. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.72 and a current ratio of 0.78. The stock has a market capitalization of $26.01 billion, a price-to-earnings ratio of 7.26, a PEG ratio of 1.27 and a beta of 1.45. United Airlines Holdings Inc has a 52 week low of $37.02 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. As a group, equities research analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.