MidWestOne Financial Group Inc. trimmed its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,738 shares of the transportation company's stock after selling 4,966 shares during the period. United Airlines comprises approximately 0.7% of MidWestOne Financial Group Inc.'s investment portfolio, making the stock its 21st largest holding. MidWestOne Financial Group Inc.'s holdings in United Airlines were worth $4,732,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Focus Partners Advisor Solutions LLC raised its stake in United Airlines by 28.0% in the 4th quarter. Focus Partners Advisor Solutions LLC now owns 5,556 shares of the transportation company's stock valued at $539,000 after acquiring an additional 1,217 shares during the period. Note Advisors LLC bought a new stake in United Airlines in the 4th quarter valued at about $608,000. PharVision Advisers LLC bought a new stake in United Airlines in the 4th quarter valued at about $256,000. Mpwm Advisory Solutions LLC bought a new stake in United Airlines in the 4th quarter valued at about $254,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in United Airlines by 48.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 347,678 shares of the transportation company's stock valued at $33,760,000 after acquiring an additional 114,214 shares during the period. 69.69% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research note on Tuesday, April 22nd. Cowen reaffirmed a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. Evercore ISI reduced their target price on United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Jefferies Financial Group reduced their target price on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, UBS Group raised United Airlines from a "neutral" rating to a "buy" rating and lifted their target price for the company from $67.00 to $105.00 in a report on Monday. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $102.33.
Get Our Latest Research Report on UAL
United Airlines Stock Down 2.9%
Shares of NASDAQ UAL opened at $76.33 on Wednesday. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $24.93 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.67 and a beta of 1.39. The business has a 50-day moving average of $70.81 and a 200-day moving average of $88.18.
United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. Sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal 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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