LSV Asset Management Sells 176,600 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

LSV Asset Management reduced its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,084,146 shares of the transportation company’s stock after selling 176,600 shares during the quarter. LSV Asset Management owned 0.94% of United Airlines worth $150,075,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Interval Partners LP bought a new position in United Airlines in the first quarter worth about $103,354,000. Norges Bank bought a new position in United Airlines in the fourth quarter worth about $41,114,000. Dimensional Fund Advisors LP raised its holdings in United Airlines by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock worth $170,974,000 after purchasing an additional 812,257 shares in the last quarter. Senator Investment Group LP bought a new position in United Airlines in the first quarter worth about $35,910,000. Finally, Canada Pension Plan Investment Board raised its holdings in United Airlines by 452.0% in the first quarter. Canada Pension Plan Investment Board now owns 713,800 shares of the transportation company’s stock worth $34,177,000 after purchasing an additional 584,500 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Performance

United Airlines stock traded up $0.89 during mid-day trading on Friday, hitting $46.01. The company had a trading volume of 7,921,987 shares, compared to its average volume of 8,591,235. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $56.17. The company’s fifty day moving average is $44.28 and its 200-day moving average is $47.13. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 5.69, a P/E/G ratio of 0.71 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The business had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the prior year, the firm posted $5.03 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts predict that United Airlines Holdings, Inc. will post 9.63 EPS for the current year.

Analyst Ratings Changes

UAL has been the topic of a number of research analyst reports. TD Cowen boosted their price target on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Thursday, June 6th. Citigroup boosted their price target on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and boosted their price target for the stock from $54.00 to $65.00 in a research note on Wednesday, May 29th. Finally, Wolfe Research upgraded United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.68.

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.