United Airlines Holdings, Inc. (NASDAQ:UAL) Stake Reduced by Signaturefd LLC

Signaturefd LLC reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,486 shares of the transportation company’s stock after selling 779 shares during the quarter. Signaturefd LLC’s holdings in United Airlines were worth $533,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Parallel Advisors LLC grew its stake in shares of United Airlines by 7.4% in the fourth quarter. Parallel Advisors LLC now owns 4,970 shares of the transportation company’s stock worth $483,000 after purchasing an additional 342 shares in the last quarter. Cibc World Markets Corp grew its stake in shares of United Airlines by 45.1% in the fourth quarter. Cibc World Markets Corp now owns 36,985 shares of the transportation company’s stock worth $3,591,000 after purchasing an additional 11,496 shares in the last quarter. United Wealth Management LLC bought a new position in shares of United Airlines in the fourth quarter worth $380,000. Centurion Wealth Management LLC bought a new position in shares of United Airlines in the fourth quarter worth $204,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of United Airlines in the fourth quarter valued at $804,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Down 0.5 %

United Airlines stock opened at $74.04 on Friday. The company’s fifty day simple moving average is $97.17 and its 200-day simple moving average is $84.91. 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 stock has a market cap of $24.24 billion, a P/E ratio of 7.85, a P/E/G ratio of 0.67 and a beta of 1.41.

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. As a group, sell-side analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UAL. Melius Research upgraded United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Susquehanna restated a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Barclays set a $140.00 price objective on United Airlines and gave the company an “overweight” rating in a report on Wednesday, March 12th. Citigroup upped their price objective on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Raymond James restated an “outperform” rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $112.75.

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.