National Bank of Canada FI Sells 38,133 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

National Bank of Canada FI trimmed its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 266,474 shares of the transportation company's stock after selling 38,133 shares during the quarter. National Bank of Canada FI owned about 0.08% of United Airlines worth $10,851,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in shares of United Airlines during the third quarter worth $25,000. Loomis Sayles & Co. L P grew its stake in shares of United Airlines by 707.8% during the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company's stock valued at $26,000 after acquiring an additional 545 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of United Airlines in the fourth quarter worth about $27,000. Venturi Wealth Management LLC grew its stake in United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company's stock valued at $27,000 after purchasing an additional 274 shares in the last quarter. Finally, Clear Street Markets LLC raised its position in shares of United Airlines by 116.8% in the 3rd quarter. Clear Street Markets LLC now owns 930 shares of the transportation company's stock valued at $39,000 after purchasing an additional 501 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Buying and Selling

In other news, EVP Kate Gebo sold 15,000 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the sale, the executive vice president now owns 57,512 shares in the company, valued at approximately $2,925,060.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is owned by corporate insiders.

United Airlines Price Performance

UAL traded down $0.39 on Thursday, reaching $52.63. The company had a trading volume of 3,538,651 shares, compared to its average volume of 10,070,376. United Airlines Holdings, Inc. has a one year low of $33.68 and a one year high of $58.23. The company has a market capitalization of $17.30 billion, a P/E ratio of 6.51, a PEG ratio of 0.51 and a beta of 1.49. The company has a fifty day moving average of $46.83 and a 200-day moving average of $42.71. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 16th. The transportation company reported ($0.15) EPS for the quarter, beating analysts' consensus estimates of ($0.53) by $0.38. The business had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.43 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. As a group, equities research analysts anticipate that United Airlines Holdings, Inc. will post 9.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Redburn Atlantic downgraded shares of United Airlines from a "buy" rating to a "neutral" rating and set a $50.00 target price for the company. in a research report on Tuesday, February 13th. Evercore ISI upgraded United Airlines from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $58.00 to $65.00 in a report on Friday, February 9th. Morgan Stanley lifted their price objective on shares of United Airlines from $75.00 to $80.00 and gave the stock an "overweight" rating in a report on Thursday, April 18th. UBS Group started coverage on shares of United Airlines in a research report on Wednesday, March 20th. They issued a "neutral" rating and a $47.00 price target on the stock. Finally, Raymond James increased their price objective on shares of United Airlines from $66.00 to $70.00 and gave the stock an "outperform" rating in a research note on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.53.

About United Airlines

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.