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

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

A number of other hedge funds have also recently modified their holdings of UAL. Bank of Jackson Hole Trust bought a new position in shares of United Airlines during the fourth quarter valued at approximately $25,000. Hemington Wealth Management increased its position in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares during the period. Roxbury Financial LLC bought a new position in United Airlines in the 4th quarter worth $32,000. Whipplewood Advisors LLC bought a new stake in shares of United Airlines during the 4th quarter valued at about $32,000. Finally, Bell Investment Advisors Inc boosted its stake in shares of United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UAL. TD Cowen upped their target price on United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a research note on Tuesday, April 22nd. UBS Group upgraded shares of United Airlines from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $67.00 to $105.00 in a report on Monday, May 19th. Finally, Barclays cut their price target on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, United Airlines presently has an average rating of "Buy" and an average price target of $102.33.

United Airlines Stock Performance

Shares of UAL traded up $3.51 during trading hours on Tuesday, hitting $78.16. The stock had a trading volume of 5,717,396 shares, compared to its average volume of 8,620,916. The firm has a market capitalization of $25.53 billion, a PE ratio of 8.29, a PEG ratio of 0.67 and a beta of 1.39. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a fifty day moving average price of $70.91 and a 200 day moving average price of $87.96. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. Analysts anticipate 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.