Lazard Asset Management LLC Sells 6,535 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Lazard Asset Management LLC lessened its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 95.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 291 shares of the transportation company's stock after selling 6,535 shares during the period. Lazard Asset Management LLC's holdings in United Airlines were worth $28,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wahed Invest LLC boosted its position in United Airlines by 5.4% during the fourth quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock worth $204,000 after purchasing an additional 108 shares during the period. Metis Global Partners LLC boosted its position in United Airlines by 2.0% during the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock worth $631,000 after purchasing an additional 129 shares during the period. Hemington Wealth Management boosted its position in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after purchasing an additional 131 shares during the period. Bell Investment Advisors Inc boosted its position 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 purchasing an additional 135 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in United Airlines by 3.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,702 shares of the transportation company's stock worth $359,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UAL. Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Susquehanna decreased their target price 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. UBS Group raised United Airlines from a "neutral" rating to a "buy" rating and increased their price objective for the company from $67.00 to $105.00 in a research report on Monday, May 19th. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research report on Tuesday, April 22nd. Finally, Evercore ISI reduced their price objective on United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $102.33.

United Airlines Price Performance

United Airlines stock traded up $1.07 during mid-day trading on Thursday, hitting $78.57. 10,086,708 shares of the company were exchanged, compared to its average volume of 7,645,767. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The business has a fifty day moving average of $71.05 and a 200 day moving average of $87.82. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a market capitalization of $25.66 billion, a PE ratio of 8.33, 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 quarterly earnings data 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. 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 analyst estimates of $13.47 billion. As a group, sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share 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.