AlphaCentric Advisors LLC Decreases Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

AlphaCentric Advisors LLC trimmed its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 20.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,402 shares of the transportation company’s stock after selling 1,426 shares during the quarter. AlphaCentric Advisors LLC’s holdings in United Airlines were worth $263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Interval Partners LP purchased a new position in United Airlines in the 1st quarter worth approximately $103,354,000. Norges Bank acquired a new stake in shares of United Airlines during the 4th quarter valued at approximately $41,114,000. Dimensional Fund Advisors LP increased its position 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 buying an additional 812,257 shares during the period. Senator Investment Group LP acquired a new stake in United Airlines in the first quarter worth $35,910,000. Finally, Canada Pension Plan Investment Board grew its stake in shares of 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 hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UAL has been the subject of several research reports. Redburn Atlantic raised United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Thursday, June 6th. HSBC began coverage on United Airlines in a research note on Monday, May 13th. They set a “buy” rating and a $69.20 price target for the company. TD Cowen increased their price objective on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Wolfe Research raised United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Friday, May 17th. Finally, Citigroup raised their target price on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and an average target price of $71.68.

United Airlines Stock Performance

United Airlines stock traded down $0.54 during trading on Monday, hitting $42.78. The stock had a trading volume of 3,309,660 shares, compared to its average volume of 8,701,721. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 5.34, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44. The stock’s 50 day moving average is $45.34 and its two-hundred day moving average is $47.08. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $56.17. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $15.04 billion. During the same quarter in the prior year, the firm earned $5.03 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. As a group, analysts predict that United Airlines Holdings, Inc. will post 9.63 EPS for the current 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.