United Airlines Holdings, Inc. (NASDAQ:UAL) Holdings Lowered by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 39.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,560 shares of the transportation company’s stock after selling 19,562 shares during the period. Edgestream Partners L.P.’s holdings in United Airlines were worth $2,967,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UAL. US Bancorp DE lifted its holdings in shares of United Airlines by 13.2% during the third quarter. US Bancorp DE now owns 11,961 shares of the transportation company’s stock valued at $682,000 after purchasing an additional 1,391 shares during the last quarter. Farther Finance Advisors LLC raised its position in United Airlines by 13.0% during the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after buying an additional 189 shares during the period. Janney Montgomery Scott LLC raised its position in United Airlines by 1.1% during the third quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company’s stock valued at $1,278,000 after buying an additional 248 shares during the period. Asset Management One Co. Ltd. raised its position in United Airlines by 22.6% during the third quarter. Asset Management One Co. Ltd. now owns 6,487 shares of the transportation company’s stock valued at $370,000 after buying an additional 1,194 shares during the period. Finally, Concurrent Investment Advisors LLC acquired a new position in United Airlines during the third quarter valued at $240,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on UAL shares. Morgan Stanley upped their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. UBS Group upped their price target on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Citigroup upped their price target on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $113.88.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $82.88 on Monday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market cap of $27.13 billion, a price-to-earnings ratio of 8.79, a P/E/G ratio of 0.67 and a beta of 1.41. The business’s 50-day simple moving average is $101.72 and its 200-day simple moving average is $83.53. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00.

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

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.