Mackenzie Financial Corp cut its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 29.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,312 shares of the transportation company's stock after selling 104,343 shares during the quarter. Mackenzie Financial Corp owned 0.08% of United Airlines worth $24,208,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of Jackson Hole Trust bought a new stake in United Airlines during the fourth quarter worth $25,000. Hemington Wealth Management lifted 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 worth $30,000 after buying an additional 131 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in United Airlines in the fourth quarter valued at about $32,000. Roxbury Financial LLC bought a new position in United Airlines in the fourth quarter valued at about $32,000. Finally, Bell Investment Advisors Inc raised its stake 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 acquiring an additional 135 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a research note on Tuesday, April 22nd. Bank of America decreased their target price on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Raymond James downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Finally, Barclays lowered their target price on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One research analyst has 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 data from MarketBeat, United Airlines currently has an average rating of "Buy" and a consensus target price of $102.33.
Read Our Latest Stock Analysis on UAL
United Airlines Trading Up 1.4%
Shares of NASDAQ:UAL traded up $1.07 during mid-day trading on Thursday, hitting $78.57. The company had a trading volume of 10,086,708 shares, compared to its average volume of 7,645,771. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. 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. The firm has a fifty day moving average price of $71.05 and a 200 day moving average price of $87.82.
United Airlines (NASDAQ:UAL - Get Free Report) last issued 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. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. As a group, research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.
United Airlines Profile
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Free Report)
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.
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