United Airlines (NASDAQ:UAL) Shares Down 5.5% - Here's Why

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

Analyst Ratings Changes

A number of research firms have recently weighed in on UAL. Jefferies Financial Group lowered their price target on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Wall Street Zen cut shares of United Airlines from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. Bank of America lowered their price objective on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note 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, TD Cowen increased their price objective on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $104.64.

United Airlines Trading Down 4.4%

The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The firm's 50 day simple moving average is $73.87 and its two-hundred day simple moving average is $86.79. The stock has a market cap of $24.17 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 0.67 and a beta of 1.45.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. As a group, equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of United Airlines by 4.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,660 shares of the transportation company's stock valued at $3,657,000 after acquiring an additional 1,759 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in United Airlines during the 4th quarter worth approximately $484,000. Savant Capital LLC boosted its holdings in shares of United Airlines by 16.0% in the 4th quarter. Savant Capital LLC now owns 11,719 shares of the transportation company's stock valued at $1,138,000 after buying an additional 1,614 shares during the last quarter. Essex Financial Services Inc. acquired a new stake in shares of United Airlines in the 4th quarter valued at approximately $246,000. Finally, Gladstone Institutional Advisory LLC acquired a new stake in shares of United Airlines in the 4th quarter valued at approximately $636,000. Institutional investors and hedge funds own 69.69% of the company's stock.

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.