United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by LSV Asset Management

LSV Asset Management cut its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,661,746 shares of the transportation company’s stock after selling 277,400 shares during the period. LSV Asset Management’s holdings in United Airlines were worth $258,456,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Proficio Capital Partners LLC acquired a new stake in United Airlines in the fourth quarter worth approximately $137,000. Longbow Finance SA acquired a new stake in United Airlines in the fourth quarter worth approximately $9,359,000. KBC Group NV acquired a new stake in United Airlines in the fourth quarter worth approximately $485,000. Bleakley Financial Group LLC lifted its position in United Airlines by 293.7% in the fourth quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company’s stock worth $2,278,000 after purchasing an additional 17,499 shares during the period. Finally, Islay Capital Management LLC acquired a new stake in United Airlines in the fourth quarter worth approximately $790,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $70.83 on Thursday. The company’s fifty day moving average is $84.90 and its two-hundred day moving average is $87.08. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a market cap of $23.19 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the previous year, the company posted $2.00 EPS. United Airlines’s revenue was up 7.8% on a year-over-year basis. Equities analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays cut their target price on United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday. Morgan Stanley upped their target price on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. TD Cowen upped their target price on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Jefferies Financial Group dropped their price target on United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Finally, Susquehanna dropped their price target on United Airlines from $130.00 to $90.00 and set a “positive” rating on the stock in a report on Monday. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, United Airlines has an average rating of “Moderate Buy” and a consensus target price of $102.15.

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.