Amundi Trims Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Amundi cut its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 84.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 408,495 shares of the transportation company’s stock after selling 2,209,316 shares during the quarter. Amundi’s holdings in United Airlines were worth $42,369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UAL. Janney Montgomery Scott LLC boosted its stake in United Airlines by 1.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company’s stock worth $1,278,000 after purchasing an additional 248 shares in the last quarter. Principal Financial Group Inc. boosted its stake in United Airlines by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company’s stock worth $21,581,000 after purchasing an additional 11,601 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in United Airlines by 43.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,230 shares of the transportation company’s stock worth $70,000 after purchasing an additional 373 shares in the last quarter. Entropy Technologies LP boosted its stake in United Airlines by 163.8% in the 3rd quarter. Entropy Technologies LP now owns 45,841 shares of the transportation company’s stock worth $2,616,000 after purchasing an additional 28,462 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its stake in United Airlines by 91.6% in the 3rd quarter. GSA Capital Partners LLP now owns 20,961 shares of the transportation company’s stock worth $1,196,000 after purchasing an additional 10,019 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UAL. Barclays set a $140.00 price target on shares of United Airlines and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen raised their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Bank of America dropped their price target on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, UBS Group raised their price target on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $114.95.

United Airlines Stock Performance

UAL opened at $72.46 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The company has a market cap of $23.72 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 0.67 and a beta of 1.41. The company’s 50 day moving average is $100.39 and its 200 day moving average is $83.93. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00.

United Airlines (NASDAQ:UAL) last released its 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 net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter last year, the business earned $2.00 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.