U S Global Investors Inc. Sells 105,356 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

U S Global Investors Inc. cut its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 8.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,092,438 shares of the transportation company's stock after selling 105,356 shares during the quarter. United Airlines makes up 10.0% of U S Global Investors Inc.'s portfolio, making the stock its 4th biggest holding. U S Global Investors Inc. owned 0.33% of United Airlines worth $75,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of UAL. Capital A Wealth Management LLC acquired a new position in shares of United Airlines in the fourth quarter worth $31,000. Whipplewood Advisors LLC acquired a new position in United Airlines during the fourth quarter worth $32,000. Bell Investment Advisors Inc increased its position 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 buying an additional 135 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in United Airlines during the fourth quarter worth $36,000. Finally, CENTRAL TRUST Co increased its position in United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after buying an additional 297 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on UAL. Jefferies Financial Group lowered their target price on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Susquehanna lowered their target price on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Barclays lowered their target price on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group upgraded shares of United Airlines from a "neutral" rating to a "buy" rating and upped their price target for the company from $67.00 to $105.00 in a report on Monday, May 19th. One investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $104.64.

United Airlines Stock Up 2.1%

UAL stock opened at $79.18 on Friday. United Airlines Holdings Inc has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a market cap of $25.86 billion, a PE ratio of 7.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.45. The business's 50-day simple moving average is $75.99 and its 200 day simple moving average is $85.32. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.93.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. The business had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. On average, research analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

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.

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.