GMT Capital Corp trimmed its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 35.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,036,200 shares of the transportation company's stock after selling 571,500 shares during the period. United Airlines makes up about 4.9% of GMT Capital Corp's investment portfolio, making the stock its 6th biggest position. GMT Capital Corp owned 0.32% of United Airlines worth $100,615,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in shares of United Airlines during the third quarter valued at $129,000. Franklin Resources Inc. increased its position in shares of United Airlines by 214.7% during the 3rd quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company's stock worth $11,558,000 after purchasing an additional 138,191 shares in the last quarter. Principal Financial Group Inc. boosted its position in United Airlines by 3.2% in the third quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company's stock valued at $21,581,000 after buying an additional 11,601 shares in the last quarter. Versant Capital Management Inc grew its stake in United Airlines by 98.4% during the fourth quarter. Versant Capital Management Inc now owns 1,345 shares of the transportation company's stock worth $131,000 after buying an additional 667 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of United Airlines by 23.5% during the fourth quarter. GAMMA Investing LLC now owns 4,922 shares of the transportation company's stock worth $478,000 after buying an additional 937 shares in the last quarter. Institutional investors own 69.69% of the company's stock.
United Airlines Trading Up 0.3 %
Shares of NASDAQ UAL traded up $0.22 during midday trading on Monday, reaching $68.42. 2,613,085 shares of the stock were exchanged, compared to its average volume of 7,524,025. The company has a market capitalization of $22.35 billion, a price-to-earnings ratio of 7.27, a P/E/G ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. 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 business has a 50-day simple moving average of $75.55 and a two-hundred day simple moving average of $88.04.
United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) 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 company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. As a group, equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.
Analysts Set New Price Targets
Several research analysts have recently commented on UAL shares. Susquehanna reduced their target price on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. UBS Group increased their target price on United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Bank of America cut 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. Evercore ISI decreased their price objective on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Finally, Barclays dropped their target price on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $96.60.
View Our Latest Stock Analysis on United Airlines
About United Airlines
(
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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