OLD National Bancorp IN Sells 27,412 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

OLD National Bancorp IN decreased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 18.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,754 shares of the transportation company's stock after selling 27,412 shares during the period. OLD National Bancorp IN's holdings in United Airlines were worth $8,131,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. UMB Bank n.a. increased its holdings in shares of United Airlines by 23.7% in the 1st quarter. UMB Bank n.a. now owns 1,108 shares of the transportation company's stock worth $77,000 after buying an additional 212 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of United Airlines by 14.3% in the 1st quarter. Wedmont Private Capital now owns 5,206 shares of the transportation company's stock worth $342,000 after buying an additional 653 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of United Airlines in the 1st quarter worth $387,000. Czech National Bank increased its holdings in shares of United Airlines by 5.9% in the 1st quarter. Czech National Bank now owns 75,537 shares of the transportation company's stock worth $5,216,000 after buying an additional 4,230 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of United Airlines by 8.5% in the 1st quarter. Rhumbline Advisers now owns 564,318 shares of the transportation company's stock worth $38,966,000 after buying an additional 44,414 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

United Airlines Trading Up 4.8%

Shares of UAL opened at $84.23 on Friday. The stock has a market capitalization of $27.51 billion, a P/E ratio of 8.93, a PEG ratio of 0.67 and a beta of 1.45. 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 firm has a fifty day simple moving average of $72.02 and a two-hundred day simple moving average of $87.30. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UAL. Bank of America cut their price objective on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. UBS Group raised shares of United Airlines from a "neutral" rating to a "buy" rating and upped their price objective for the company from $67.00 to $105.00 in a research note on Monday, May 19th. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. Evercore ISI cut their price objective on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Barclays cut their price objective on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $104.64.

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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