Great Lakes Advisors LLC Decreases Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Great Lakes Advisors LLC lessened its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 10.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 8,930 shares of the transportation company’s stock after selling 1,057 shares during the quarter. Great Lakes Advisors LLC’s holdings in United Airlines were worth $867,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its stake in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after buying an additional 78,470 shares during the period. Sanders Capital LLC boosted its stake in shares of United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after buying an additional 1,040,589 shares during the period. Geode Capital Management LLC raised its position in shares of United Airlines by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock worth $477,526,000 after acquiring an additional 168,498 shares in the last quarter. Castle Hook Partners LP raised its position in shares of United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after acquiring an additional 2,707,442 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after acquiring an additional 908,558 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Susquehanna reissued a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Bank of America cut their target price on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, UBS Group raised their target price on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $114.95.

United Airlines Price Performance

United Airlines stock opened at $73.67 on Friday. 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 $99.44 and a 200-day simple moving average of $84.34. The stock has a market capitalization of $24.12 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. United Airlines’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

United Airlines 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.