Sei Investments Co. Decreases Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Sei Investments Co. lowered its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 246,445 shares of the transportation company’s stock after selling 68,143 shares during the period. Sei Investments Co. owned about 0.07% of United Airlines worth $23,930,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of United Airlines by 9.6% during the fourth quarter. American Century Companies Inc. now owns 602,958 shares of the transportation company’s stock worth $58,547,000 after purchasing an additional 52,799 shares during the period. Mizuho Securities USA LLC raised its position in United Airlines by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 31,170 shares of the transportation company’s stock valued at $3,027,000 after purchasing an additional 9,847 shares during the last quarter. Quantbot Technologies LP purchased a new stake in United Airlines in the 4th quarter worth approximately $2,278,000. Sciencast Management LP grew its position in shares of United Airlines by 110.7% in the 4th quarter. Sciencast Management LP now owns 13,131 shares of the transportation company’s stock worth $1,275,000 after buying an additional 6,899 shares during the last quarter. Finally, Summit Global Investments purchased a new position in shares of United Airlines during the fourth quarter valued at approximately $390,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Down 1.3 %

Shares of NASDAQ:UAL opened at $77.87 on Thursday. 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 stock has a fifty day simple moving average of $94.92 and a two-hundred day simple moving average of $86.12. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The stock has a market capitalization of $25.49 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the firm earned $2.00 EPS. United Airlines’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley raised their price target on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Raymond James reaffirmed an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Bank of America lowered their price objective on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. upped their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $112.75.

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.