Patient Capital Management LLC Trims Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Patient Capital Management LLC decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 725,244 shares of the transportation company's stock after selling 280,313 shares during the period. United Airlines comprises approximately 3.3% of Patient Capital Management LLC's holdings, making the stock its 12th largest holding. Patient Capital Management LLC owned approximately 0.22% of United Airlines worth $70,421,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of UAL. Vanguard Group Inc. grew its position in shares of United Airlines by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock worth $3,548,797,000 after buying an additional 369,500 shares in the last quarter. Capital International Investors grew its position in shares of United Airlines by 6.3% during the 4th quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock worth $2,064,825,000 after buying an additional 1,257,443 shares in the last quarter. Sanders Capital LLC grew its position in shares of United Airlines by 46.4% during the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after buying an additional 4,390,721 shares in the last quarter. Capital World Investors grew its position in shares of United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after buying an additional 1,791,654 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of United Airlines by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock worth $840,533,000 after buying an additional 243,535 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

UAL has been the topic of a number of recent research reports. TD Cowen raised their price objective on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Jefferies Financial Group dropped their price objective on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley raised their price objective on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Barclays dropped their price objective on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Susquehanna dropped their price objective 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. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, United Airlines presently has a consensus rating of "Buy" and an average target price of $98.31.

United Airlines Stock Up 1.8%

NASDAQ UAL traded up $1.39 during trading on Friday, hitting $77.93. The company's stock had a trading volume of 6,406,310 shares, compared to its average volume of 7,594,415. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market cap of $25.45 billion, a PE ratio of 8.26, a P/E/G ratio of 0.67 and a beta of 1.39. The business's 50 day simple moving average is $70.56 and its 200-day simple moving average is $88.15. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

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

United Airlines 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.