Quantbot Technologies LP lessened its position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 35.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 69,937 shares of the transportation company’s stock after selling 39,178 shares during the period. Quantbot Technologies LP’s holdings in United Airlines were worth $5,569,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in UAL. Bison Wealth LLC purchased a new stake in shares of United Airlines during the 4th quarter worth $246,000. LPL Financial LLC boosted its holdings in United Airlines by 45.2% during the first quarter. LPL Financial LLC now owns 245,695 shares of the transportation company’s stock worth $16,965,000 after buying an additional 76,450 shares in the last quarter. Vestcor Inc acquired a new position in United Airlines during the first quarter worth about $112,000. Moors & Cabot Inc. grew its position in United Airlines by 9.8% during the first quarter. Moors & Cabot Inc. now owns 3,350 shares of the transportation company’s stock worth $231,000 after buying an additional 300 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in United Airlines by 4.4% in the first quarter. PNC Financial Services Group Inc. now owns 42,261 shares of the transportation company’s stock valued at $2,918,000 after buying an additional 1,774 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.
United Airlines Stock Up 3.2%
UAL stock opened at $104.38 on Wednesday. The company has a 50 day moving average price of $97.22 and a two-hundred day moving average price of $92.44. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a market capitalization of $33.79 billion, a P/E ratio of 10.46, a PEG ratio of 0.89 and a beta of 1.45. United Airlines Holdings Inc has a one year low of $52.00 and a one year high of $116.00.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on UAL shares. Evercore ISI increased their price objective on shares of United Airlines from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Loop Capital set a $110.00 price target on shares of United Airlines in a research report on Tuesday, October 21st. UBS Group dropped their price objective on shares of United Airlines from $131.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, October 17th. Weiss Ratings lowered United Airlines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Finally, TD Cowen raised their price target on United Airlines from $127.00 to $138.00 and gave the stock a “buy” rating in a research report on Monday, October 20th. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and a consensus target price of $125.67.
Read Our Latest Research Report on United Airlines
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.
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