Carolina Wealth Advisors LLC Sells 6,765 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Carolina Wealth Advisors LLC trimmed its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 59.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,593 shares of the transportation company's stock after selling 6,765 shares during the period. Carolina Wealth Advisors LLC's holdings in United Airlines were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Proficio Capital Partners LLC purchased a new position in shares of United Airlines during the fourth quarter valued at approximately $137,000. Exchange Traded Concepts LLC grew its position in United Airlines by 132.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock worth $518,000 after purchasing an additional 4,281 shares during the period. GAMMA Investing LLC raised its stake in United Airlines by 7,225.9% during the 1st quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock valued at $24,898,000 after buying an additional 355,657 shares during the last quarter. Czech National Bank lifted its holdings in shares of United Airlines by 5.9% during the 1st quarter. Czech National Bank now owns 75,537 shares of the transportation company's stock valued at $5,216,000 after buying an additional 4,230 shares during the period. Finally, Islay Capital Management LLC purchased a new position in shares of United Airlines in the 4th quarter worth $790,000. Institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on UAL shares. Susquehanna reduced their price objective on United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. Barclays reduced their price target on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. TD Cowen increased their price objective on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. UBS Group upgraded shares of United Airlines from a "neutral" rating to a "buy" rating and boosted their target price for the company from $67.00 to $105.00 in a research report on Monday, May 19th. Finally, Wall Street Zen downgraded shares of United Airlines from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of "Buy" and a consensus price target of $104.64.

United Airlines Price Performance

Shares of UAL traded up $1.63 during mid-day trading on Friday, reaching $79.18. The stock had a trading volume of 6,491,980 shares, compared to its average volume of 7,670,846. The business has a fifty day moving average of $75.99 and a 200 day moving average of $85.32. 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 firm has a market cap of $25.86 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 1.24 and a beta of 1.45. United Airlines Holdings Inc has a 12 month low of $37.02 and a 12 month high of $116.00.

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