Hudson Bay Capital Management LP Reduces Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Hudson Bay Capital Management LP lessened its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 30.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,909 shares of the transportation company's stock after selling 14,981 shares during the period. Hudson Bay Capital Management LP's holdings in United Airlines were worth $3,293,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Franklin Resources Inc. lifted its position in United Airlines by 214.7% in the third quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company's stock valued at $11,558,000 after buying an additional 138,191 shares during the last quarter. Principal Financial Group Inc. raised 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 purchasing an additional 11,601 shares during the period. Czech National Bank raised its position in United Airlines by 6.4% in the fourth quarter. Czech National Bank now owns 71,307 shares of the transportation company's stock valued at $6,924,000 after purchasing an additional 4,320 shares during the period. Brookstone Capital Management purchased a new stake in United Airlines in the fourth quarter valued at approximately $243,000. Finally, Emprise Bank purchased a new stake in United Airlines in the fourth quarter valued at approximately $245,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

NASDAQ UAL traded up $1.39 during trading hours on Friday, hitting $77.93. 6,406,310 shares of the stock were exchanged, compared to its average volume of 7,591,601. The company has a market cap of $25.45 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The stock has a 50-day moving average of $70.52 and a 200 day moving average of $88.14. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL - Get Free Report) last posted 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. The firm had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on UAL shares. Jefferies Financial Group cut their target price 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. Susquehanna decreased their price target on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Raymond James downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. UBS Group increased their price objective on United Airlines from $59.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a report on Tuesday. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $98.31.

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.