Moors & Cabot Inc. Has $296,000 Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Moors & Cabot Inc. reduced its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 64.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,050 shares of the transportation company’s stock after selling 5,500 shares during the quarter. Moors & Cabot Inc.’s holdings in United Airlines were worth $296,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of United Airlines by 6.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 35,901 shares of the transportation company’s stock worth $2,049,000 after purchasing an additional 2,065 shares during the last quarter. Huntington National Bank raised its stake in shares of United Airlines by 10.8% in the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after purchasing an additional 129 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of United Airlines by 8.5% in the third quarter. CIBC Asset Management Inc now owns 47,956 shares of the transportation company’s stock worth $2,736,000 after purchasing an additional 3,748 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of United Airlines in the third quarter worth approximately $217,000. Finally, Empirical Finance LLC raised its stake in shares of United Airlines by 1.2% in the third quarter. Empirical Finance LLC now owns 22,128 shares of the transportation company’s stock worth $1,263,000 after purchasing an additional 262 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Price Performance

United Airlines stock opened at $73.67 on Friday. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The business has a fifty day moving average price of $99.44 and a 200-day moving average price of $84.34. 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 firm has a market capitalization of $24.12 billion, a P/E ratio of 7.81, 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 EPS 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 during the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the company earned $2.00 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UAL shares. Morgan Stanley upped their target price on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Raymond James reaffirmed an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. TD Cowen upped their target price on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. upped their target price on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Two equities research analysts have 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.com, the stock has an average rating of “Buy” and a consensus target price of $114.95.

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.