Mount Lucas Management LP Has $1.40 Million Stake in United Airlines Holdings Inc (NASDAQ:UAL)

Mount Lucas Management LP lowered its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 52.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,338 shares of the transportation company's stock after selling 22,222 shares during the period. Mount Lucas Management LP's holdings in United Airlines were worth $1,404,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UAL. Capital A Wealth Management LLC bought a new position in shares of United Airlines during the 4th quarter worth about $31,000. Murphy & Mullick Capital Management Corp acquired a new position in United Airlines in the fourth quarter worth about $36,000. CENTRAL TRUST Co raised its position in United Airlines by 57.2% in the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after purchasing an additional 297 shares in the last quarter. Ameriflex Group Inc. acquired a new position in United Airlines in the fourth quarter worth about $58,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in United Airlines in the first quarter worth about $69,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Transactions at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction on Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the transaction, the executive vice president owned 62,358 shares of the company's stock, valued at $5,750,654.76. This trade represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.63% of the company's stock.

United Airlines Stock Performance

Shares of UAL stock opened at $90.78 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. The company has a market capitalization of $29.39 billion, a price-to-earnings ratio of 9.10, a PEG ratio of 1.55 and a beta of 1.42. United Airlines Holdings Inc has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a 50-day simple moving average of $80.11 and a 200 day simple moving average of $83.85.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter in the prior year, the firm posted $4.14 EPS. The firm's quarterly revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group increased their price target on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. TD Cowen increased their price target on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research note on Monday. Raymond James Financial cut shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Bank of America raised their price objective on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Airlines presently has a consensus rating of "Buy" and a consensus price target of $111.43.

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.

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