Oppenheimer Asset Management Inc. lowered its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 53.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,763 shares of the transportation company's stock after selling 5,544 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in United Airlines were worth $329,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in UAL. Proficio Capital Partners LLC purchased a new position in United Airlines during the 4th quarter valued at about $137,000. Exchange Traded Concepts LLC grew its position in United Airlines by 132.9% during the first quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock valued at $518,000 after purchasing an additional 4,281 shares in the last quarter. GAMMA Investing LLC grew its position in United Airlines by 7,225.9% during the first quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock valued at $24,898,000 after purchasing an additional 355,657 shares in the last quarter. Czech National Bank increased its stake in United Airlines by 5.9% in the 1st quarter. Czech National Bank now owns 75,537 shares of the transportation company's stock valued at $5,216,000 after buying an additional 4,230 shares during the period. Finally, Islay Capital Management LLC purchased a new stake in United Airlines in the 4th quarter worth approximately $790,000. Hedge funds and other institutional investors own 69.69% of the company's stock.
United Airlines Trading Up 0.6%
Shares of NASDAQ:UAL opened at $79.63 on Tuesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.72 and a current ratio of 0.78. The stock's 50-day moving average is $76.27 and its 200-day moving average is $85.04. The company has a market cap of $26.01 billion, a P/E ratio of 7.26, a P/E/G ratio of 1.27 and a beta of 1.45. United Airlines Holdings Inc has a 52-week low of $37.02 and a 52-week high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly 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 return on equity of 32.90% and a net margin of 6.34%. The company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. Equities research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the stock. Susquehanna lowered their price target on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Cowen restated a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. Bank of America cut their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Wall Street Zen lowered United Airlines from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Finally, Cantor Fitzgerald set a $88.00 price objective on United Airlines in a report on Tuesday, April 22nd. One research 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 company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $104.64.
View Our Latest Research Report on UAL
About United Airlines
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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.
Further Reading
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