Mount Lucas Management LP Grows Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Mount Lucas Management LP raised its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 85.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,853 shares of the transportation company's stock after acquiring an additional 55,366 shares during the quarter. United Airlines makes up 1.4% of Mount Lucas Management LP's investment portfolio, making the stock its 12th largest holding. Mount Lucas Management LP's holdings in United Airlines were worth $4,945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of UAL. JB Capital LLC bought a new stake in shares of United Airlines in the 4th quarter valued at approximately $201,000. NWI Management LP lifted its holdings in United Airlines by 69.6% in the 3rd quarter. NWI Management LP now owns 195,000 shares of the transportation company's stock worth $8,249,000 after purchasing an additional 80,000 shares during the last quarter. Duality Advisers LP acquired a new stake in United Airlines in the 4th quarter worth approximately $1,443,000. International Assets Investment Management LLC lifted its holdings in shares of United Airlines by 3,636.1% during the fourth quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company's stock worth $3,393,000 after buying an additional 80,030 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of United Airlines by 43.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company's stock worth $12,197,000 after buying an additional 89,106 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Insider Activity

In other news, EVP Kate Gebo sold 15,000 shares of the company's 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 transaction, the executive vice president now owns 57,512 shares of the company's stock, valued at $2,925,060.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.63% of the stock is currently owned by insiders.

United Airlines Price Performance

Shares of UAL stock traded up $0.09 during trading hours on Friday, hitting $52.72. 3,534,129 shares of the company's stock were exchanged, compared to its average volume of 13,946,013. The stock's 50-day moving average is $47.13 and its 200-day moving average is $42.90. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69. The stock has a market cap of $17.33 billion, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 0.52 and a beta of 1.49. United Airlines Holdings, Inc. has a 52 week low of $33.68 and a 52 week high of $58.23.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) 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 return on equity of 39.85% and a net margin of 4.90%. As a group, research analysts forecast that United Airlines Holdings, Inc. will post 9.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Redburn Atlantic lowered United Airlines from a "buy" rating to a "neutral" rating and set a $50.00 price target for the company. in a report on Tuesday, February 13th. StockNews.com upgraded United Airlines from a "sell" rating to a "hold" rating in a research note on Wednesday, April 24th. UBS Group started coverage on United Airlines in a research note on Wednesday, March 20th. They issued a "neutral" rating and a $47.00 target price for the company. Evercore ISI upgraded United Airlines from an "in-line" rating to an "outperform" rating and upped their target price for the company from $58.00 to $65.00 in a research note on Friday, February 9th. Finally, Susquehanna upped their target price on United Airlines from $55.00 to $60.00 and gave the company a "positive" rating in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.53.

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.