Highland Peak Capital LLC Sells 111,214 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Highland Peak Capital LLC lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 38.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 174,896 shares of the transportation company’s stock after selling 111,214 shares during the period. United Airlines accounts for 9.3% of Highland Peak Capital LLC’s investment portfolio, making the stock its 2nd largest position. Highland Peak Capital LLC owned 0.05% of United Airlines worth $16,982,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp raised its position in United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after purchasing an additional 78,470 shares during the period. Longbow Finance SA purchased a new stake in shares of United Airlines in the 4th quarter valued at $9,359,000. Charles Schwab Investment Management Inc. raised its holdings in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after buying an additional 908,558 shares during the period. MidWestOne Financial Group Inc. raised its holdings in shares of United Airlines by 28.0% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after buying an additional 11,743 shares during the period. Finally, KBC Group NV purchased a new stake in shares of United Airlines in the 4th quarter valued at $485,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on UAL. Morgan Stanley boosted their price objective on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Barclays boosted their price objective on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Raymond James restated an “outperform” rating and set a $130.00 price target (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Finally, UBS Group upped their price target on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, United Airlines has an average rating of “Buy” and a consensus target price of $113.88.

United Airlines Trading Down 3.9 %

NASDAQ:UAL opened at $82.88 on Monday. The stock has a 50-day simple moving average of $101.72 and a 200-day simple moving average of $83.53. The stock has a market cap of $27.13 billion, a P/E ratio of 8.79, a P/E/G ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

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