United Airlines (NASDAQ:UAL) Trading Down 5.5% - Here's What Happened

United Airlines Holdings, Inc. (NASDAQ:UAL - Get Free Report)'s share price was down 5.5% during mid-day trading on Wednesday . The stock traded as low as $78.98 and last traded at $78.65. Approximately 4,337,706 shares were traded during trading, a decline of 43% from the average daily volume of 7,585,018 shares. The stock had previously closed at $83.20.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UAL shares. Evercore ISI dropped their target price on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Jefferies Financial Group dropped their target price on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Bank of America dropped their target price on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Finally, Barclays lowered their price objective on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, United Airlines has a consensus rating of "Buy" and a consensus target price of $104.64.

United Airlines Stock Down 5.5%

The stock's fifty day moving average is $73.14 and its 200 day moving average is $87.08. 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 company has a market capitalization of $25.68 billion, a P/E ratio of 8.34, a price-to-earnings-growth ratio of 0.67 and a beta of 1.45.

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

Institutional Trading of United Airlines

Several institutional investors have recently bought and sold shares of UAL. Pacer Advisors Inc. grew its position in United Airlines by 10,777.6% during the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after purchasing an additional 5,021,511 shares during the last quarter. Sanders Capital LLC grew its position in United Airlines by 46.4% during the 4th 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 during the 4th quarter valued at about $323,508,000. FMR LLC grew its position in United Airlines by 70.9% during 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 during the last quarter. Finally, Senator Investment Group LP grew 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 valued at $316,648,000 after purchasing an additional 2,225,000 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Company 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.