Slate Path Capital LP trimmed its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 64.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,009,828 shares of the transportation company's stock after selling 3,723,004 shares during the period. United Airlines comprises about 3.6% of Slate Path Capital LP's portfolio, making the stock its 8th largest position. Slate Path Capital LP owned about 0.61% of United Airlines worth $195,154,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Anomaly Capital Management LP grew its stake in shares of United Airlines by 63.6% during the 4th quarter. Anomaly Capital Management LP now owns 625,116 shares of the transportation company's stock worth $60,699,000 after acquiring an additional 243,046 shares in the last quarter. Susquehanna Advisors Group Inc. acquired a new position in United Airlines during the fourth quarter worth $173,211,000. SRS Investment Management LLC grew its position in United Airlines by 55.4% in the fourth quarter. SRS Investment Management LLC now owns 2,901,113 shares of the transportation company's stock valued at $281,698,000 after purchasing an additional 1,034,600 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in United Airlines in the 4th quarter valued at $218,000. Finally, Senator Investment Group LP lifted its position in United Airlines by 214.8% during the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock worth $316,648,000 after buying an additional 2,225,000 shares in the last quarter. 69.69% of the stock is owned by institutional investors.
United Airlines Stock Performance
Shares of NASDAQ UAL traded down $0.85 during trading hours on Friday, reaching $68.20. 5,613,237 shares of the stock were exchanged, compared to its average volume of 7,543,078. The stock's fifty day simple moving average is $75.55 and its 200 day simple moving average is $88.04. The firm has a market capitalization of $22.27 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. Sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a report on Tuesday, April 22nd. Susquehanna lowered their price target on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. UBS Group upped their price objective on United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. TD Cowen raised their target price on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. Finally, Cowen reaffirmed a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $96.60.
Check Out Our Latest Analysis on UAL
United Airlines Profile
(
Free Report)
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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