Man Group plc Lowers Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Man Group plc cut its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 64.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,365 shares of the transportation company's stock after selling 159,863 shares during the quarter. Man Group plc's holdings in United Airlines were worth $8,386,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. NorthRock Partners LLC purchased a new position in shares of United Airlines in the fourth quarter worth $296,000. Numerai GP LLC increased its stake in shares of United Airlines by 53.2% in the fourth quarter. Numerai GP LLC now owns 26,389 shares of the transportation company's stock worth $2,562,000 after buying an additional 9,162 shares during the period. Mubadala Investment Co PJSC purchased a new position in shares of United Airlines in the fourth quarter worth $4,690,000. Moore Capital Management LP purchased a new position in shares of United Airlines in the fourth quarter worth $4,440,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in shares of United Airlines in the fourth quarter worth $29,130,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Price Performance

UAL opened at $78.62 on Tuesday. The stock has a 50-day moving average price of $70.68 and a 200-day moving average price of $88.26. 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 firm has a market cap of $25.68 billion, a PE ratio of 8.34, a P/E/G ratio of 0.67 and a beta of 1.39. 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 posted its quarterly earnings results 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. The firm had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. Sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UAL shares. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. TD Cowen lifted their target price 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. Morgan Stanley lifted their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a report on Tuesday, April 22nd. Finally, Cowen reiterated a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, United Airlines presently has a consensus rating of "Buy" and an average target price of $102.33.

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.

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