Alyeska Investment Group L.P. Sells 3,291,870 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Alyeska Investment Group L.P. lowered its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 60.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,137,676 shares of the transportation company's stock after selling 3,291,870 shares during the period. United Airlines comprises about 0.8% of Alyeska Investment Group L.P.'s portfolio, making the stock its 18th largest position. Alyeska Investment Group L.P. owned about 0.65% of United Airlines worth $207,568,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in shares of United Airlines in the 4th quarter worth about $25,000. Hemington Wealth Management grew its position in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after acquiring an additional 131 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of United Airlines during the 4th quarter worth approximately $32,000. Roxbury Financial LLC bought a new stake in shares of United Airlines in the 4th quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc lifted its stake in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of recent research reports. Cowen reissued a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. TD Cowen boosted their price objective on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Morgan Stanley increased their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Finally, Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $96.60.

United Airlines Price Performance

UAL traded down $1.34 during midday trading on Tuesday, hitting $73.52. The stock had a trading volume of 4,287,873 shares, compared to its average volume of 7,503,503. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The business has a fifty day moving average of $72.11 and a 200 day moving average of $88.15. The company has a market cap of $24.01 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. As a group, equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

United Airlines 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.