Capital International Investors Sells 1,172,725 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Capital International Investors decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,073,260 shares of the transportation company’s stock after selling 1,172,725 shares during the quarter. Capital International Investors owned 5.51% of United Airlines worth $745,864,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in shares of United Airlines in the third quarter valued at $25,000. Loomis Sayles & Co. L P lifted its position in shares of United Airlines by 707.8% during the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after purchasing an additional 545 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of United Airlines by 72.1% in the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 274 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in United Airlines in the fourth quarter valued at about $27,000. Finally, Clear Street Markets LLC grew its stake in shares of United Airlines by 116.8% during the third quarter. Clear Street Markets LLC now owns 930 shares of the transportation company’s stock worth $39,000 after acquiring an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Buying and Selling

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the transaction, the executive vice president now directly owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.63% of the company’s stock.

United Airlines Stock Up 1.8 %

NASDAQ UAL traded up $0.95 on Wednesday, hitting $53.29. 4,472,704 shares of the stock traded hands, compared to its average volume of 9,476,502. The stock has a 50-day moving average of $50.14 and a 200 day moving average of $44.92. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23. The company has a market capitalization of $17.52 billion, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 0.52 and a beta of 1.47. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.38. The company had revenue of $12.54 billion during the quarter, compared to analyst estimates of $12.43 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. As a group, analysts expect that United Airlines Holdings, Inc. will post 9.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

UAL has been the subject of several research reports. UBS Group began coverage on United Airlines in a research report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price target for the company. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and increased their price objective for the company from $54.00 to $65.00 in a report on Wednesday, May 29th. Raymond James lifted their target price on United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Citigroup raised their price target on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, HSBC assumed coverage on United Airlines in a report on Monday, May 13th. They set a “buy” rating and a $69.20 price objective for the company. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, United Airlines currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.72.

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.