United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Holdings Lowered by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,062,522 shares of the transportation company's stock after selling 61,486 shares during the period. Ameriprise Financial Inc. owned about 0.63% of United Airlines worth $200,273,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sanders Capital LLC grew its position in shares of United Airlines by 46.4% in the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after purchasing an additional 4,390,721 shares during the last quarter. Boston Partners purchased a new stake in United Airlines in the 4th quarter valued at approximately $323,508,000. FMR LLC lifted its holdings in United Airlines by 70.9% in the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after purchasing an additional 3,015,979 shares in the last quarter. Senator Investment Group LP lifted its stake in shares of United Airlines by 214.8% during the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock valued at $316,648,000 after buying an additional 2,225,000 shares during the period. Finally, Capital World Investors raised its holdings in United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after acquiring an additional 1,791,654 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Price Performance

UAL stock traded down $2.14 during trading on Friday, hitting $77.27. The company had a trading volume of 9,055,754 shares, compared to its average volume of 7,541,331. The firm has a market capitalization of $25.24 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 0.67 and a beta of 1.39. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The business has a 50 day moving average of $70.94 and a 200 day moving average of $88.02. 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 posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. As a group, research analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Cowen restated a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. Bank of America lowered their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a research note on Tuesday, April 22nd. Finally, Morgan Stanley lifted their target price on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $96.60.

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.