Wellington Management Group LLP Sells 46,109 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Wellington Management Group LLP reduced its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 94.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,545 shares of the transportation company's stock after selling 46,109 shares during the period. Wellington Management Group LLP's holdings in United Airlines were worth $247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 111 Capital bought a new stake in shares of United Airlines during the fourth quarter valued at about $206,000. Wealth Enhancement Advisory Services LLC increased its position in shares of United Airlines by 9.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,340 shares of the transportation company's stock valued at $2,266,000 after buying an additional 2,108 shares during the period. Centaurus Financial Inc. increased its position in shares of United Airlines by 106.4% during the fourth quarter. Centaurus Financial Inc. now owns 12,773 shares of the transportation company's stock valued at $1,240,000 after buying an additional 6,585 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of United Airlines during the fourth quarter valued at about $5,817,000. Finally, Capital A Wealth Management LLC bought a new stake in shares of United Airlines during the fourth quarter valued at about $31,000. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America decreased their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Cantor Fitzgerald set a $88.00 price target on United Airlines in a research report on Tuesday, April 22nd. Jefferies Financial Group cut their price objective on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Raymond James lowered United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Finally, Barclays cut their price objective on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One investment 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $104.64.

United Airlines Stock Up 4.8%

Shares of UAL opened at $84.23 on Monday. The firm has a market cap of $27.51 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.67 and a beta of 1.45. The stock has a 50 day simple moving average of $72.02 and a two-hundred day simple moving average of $87.24. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00.

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

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