Amalgamated Bank Has $3.83 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Amalgamated Bank reduced its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,819 shares of the transportation company's stock after selling 24,815 shares during the quarter. Amalgamated Bank's holdings in United Airlines were worth $3,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. First Trust Direct Indexing L.P. increased its stake in United Airlines by 8.1% in the 4th quarter. First Trust Direct Indexing L.P. now owns 5,230 shares of the transportation company's stock worth $216,000 after buying an additional 393 shares in the last quarter. Savant Capital LLC increased its holdings in shares of United Airlines by 12.5% in the fourth quarter. Savant Capital LLC now owns 7,046 shares of the transportation company's stock worth $291,000 after purchasing an additional 784 shares during the last quarter. Russell Investments Group Ltd. increased its stake in United Airlines by 33.5% in the 4th quarter. Russell Investments Group Ltd. now owns 254,719 shares of the transportation company's stock worth $10,510,000 after acquiring an additional 63,913 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of United Airlines during the 4th quarter valued at approximately $366,000. Finally, Alaska Permanent Fund Corp increased its position in United Airlines by 5.0% in the fourth quarter. Alaska Permanent Fund Corp now owns 48,523 shares of the transportation company's stock worth $2,002,000 after purchasing an additional 2,323 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Price Performance

Shares of NASDAQ UAL traded up $0.09 during midday trading on Friday, hitting $52.72. The stock had a trading volume of 3,533,365 shares, compared to its average volume of 9,998,555. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $58.23. The company has a market capitalization of $17.33 billion, a PE ratio of 6.52, a P/E/G ratio of 0.51 and a beta of 1.49. The stock has a 50 day simple moving average of $46.97 and a 200-day simple moving average of $42.78.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.38. The company had revenue of $12.54 billion for the quarter, compared to analysts' expectations of $12.43 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. On average, sell-side analysts expect that United Airlines Holdings, Inc. will post 9.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UAL shares. Bank of America raised their price objective on United Airlines from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, April 18th. StockNews.com raised shares of United Airlines from a "sell" rating to a "hold" rating in a research note on Wednesday, April 24th. Raymond James lifted their price target 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. Evercore ISI raised shares of United Airlines from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. Finally, TD Cowen boosted their price objective on United Airlines from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $66.53.

Insider Activity at United Airlines

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 transaction, the executive vice president now directly owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.63% of the stock is owned by corporate insiders.

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.