USS Investment Management Ltd Sells 30,048 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

USS Investment Management Ltd trimmed its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 57,115 shares of the transportation company's stock after selling 30,048 shares during the quarter. USS Investment Management Ltd's holdings in United Airlines were worth $5,546,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UAL. Park Avenue Securities LLC bought a new stake in United Airlines during the 4th quarter valued at $561,000. HB Wealth Management LLC raised its holdings in United Airlines by 5.6% during the 4th quarter. HB Wealth Management LLC now owns 3,795 shares of the transportation company's stock valued at $369,000 after buying an additional 201 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in United Airlines during the 4th quarter valued at $227,000. UMB Bank n.a. increased its position in United Airlines by 40.4% during the 4th quarter. UMB Bank n.a. now owns 896 shares of the transportation company's stock valued at $87,000 after purchasing an additional 258 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its position in United Airlines by 25.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company's stock valued at $69,000 after purchasing an additional 142 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UAL has been the topic of a number of research analyst reports. Bank of America reduced their price objective on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Barclays reduced their price objective 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. TD Cowen boosted their price objective on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Jefferies Financial Group reduced their price objective 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. Finally, Susquehanna reduced 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. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $102.33.

United Airlines Stock Performance

UAL traded down $0.87 during midday trading on Wednesday, hitting $77.31. 1,435,381 shares of the company traded hands, compared to its average volume of 7,615,010. 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 market capitalization of $25.25 billion, a PE ratio of 8.20, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. The company's 50-day moving average is $71.00 and its 200 day moving average is $87.89. 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 data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share 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 for the quarter, compared to analysts' expectations of $13.47 billion. On average, research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

United Airlines 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.