Candlestick Capital Management LP Sells 1,963,772 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Candlestick Capital Management LP lessened its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 41.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,822,467 shares of the transportation company's stock after selling 1,963,772 shares during the period. United Airlines makes up approximately 6.3% of Candlestick Capital Management LP's holdings, making the stock its 2nd largest holding. Candlestick Capital Management LP owned approximately 0.86% of United Airlines worth $274,062,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of UAL. Lido Advisors LLC grew its stake in United Airlines by 2.1% in the fourth quarter. Lido Advisors LLC now owns 17,018 shares of the transportation company's stock valued at $1,652,000 after purchasing an additional 358 shares during the last quarter. Northern Trust Corp grew its position in shares of United Airlines by 6.2% in the 4th quarter. Northern Trust Corp now owns 2,513,606 shares of the transportation company's stock worth $244,071,000 after buying an additional 146,783 shares during the last quarter. Optiver Holding B.V. lifted its position in United Airlines by 72.0% during the fourth quarter. Optiver Holding B.V. now owns 1,209 shares of the transportation company's stock valued at $117,000 after acquiring an additional 506 shares during the last quarter. Bellwether Advisors LLC acquired a new stake in United Airlines in the fourth quarter valued at approximately $249,000. Finally, Beacon Pointe Advisors LLC purchased a new position in United Airlines in the fourth quarter worth $2,724,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

UAL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Evercore ISI reduced their price target on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Barclays lowered their price objective on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Susquehanna decreased their price objective on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Finally, TD Cowen upped their price objective on United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, United Airlines presently has a consensus rating of "Buy" and an average target price of $96.60.

United Airlines Trading Down 0.2 %

Shares of UAL stock traded down $0.11 on Wednesday, reaching $68.82. 5,914,624 shares of the stock were exchanged, compared to its average volume of 7,524,670. The stock has a 50 day moving average price of $73.58 and a 200 day moving average price of $87.82. The stock has a market cap of $22.48 billion, a PE ratio of 7.30, a P/E/G ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00.

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