Cresset Asset Management LLC Sells 24,052 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Cresset Asset Management LLC decreased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 79.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,130 shares of the transportation company's stock after selling 24,052 shares during the period. Cresset Asset Management LLC's holdings in United Airlines were worth $595,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of United Airlines by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock worth $3,548,797,000 after purchasing an additional 369,500 shares during the period. Capital International Investors grew its position in United Airlines by 6.3% in the fourth quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock worth $2,064,825,000 after acquiring an additional 1,257,443 shares in the last quarter. Sanders Capital LLC grew its position in United Airlines by 46.4% in the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after acquiring an additional 4,390,721 shares in the last quarter. Capital World Investors grew its position in United Airlines by 22.4% in the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after acquiring an additional 1,791,654 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in United Airlines by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock worth $840,533,000 after acquiring an additional 243,535 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on UAL. TD Cowen upped their price objective on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. UBS Group upped their price objective on shares of United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Evercore ISI decreased their price objective on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Morgan Stanley upped their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Finally, Cowen reaffirmed a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $98.31.

United Airlines Price Performance

Shares of UAL stock traded up $1.39 during mid-day trading on Friday, reaching $77.93. The company's stock had a trading volume of 6,406,310 shares, compared to its average volume of 7,594,415. The company has a market cap of $25.45 billion, a P/E ratio of 8.26, a PEG ratio of 0.67 and a beta of 1.39. 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 firm's 50-day moving average is $70.52 and its two-hundred day moving average is $88.14. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00.

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

About United Airlines

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.