Quinn Opportunity Partners LLC decreased its holdings in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 54.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,500 shares of the transportation company’s stock after selling 10,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in United Airlines were worth $677,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Forsta AP Fonden purchased a new stake in shares of United Airlines in the second quarter worth $1,282,000. KBC Group NV raised its holdings in shares of United Airlines by 4,940.5% in the second quarter. KBC Group NV now owns 456,520 shares of the transportation company’s stock worth $36,352,000 after buying an additional 447,463 shares during the period. Aspen Wealth Strategies LLC bought a new position in United Airlines in the 2nd quarter worth about $312,000. Vise Technologies Inc. bought a new stake in shares of United Airlines in the second quarter valued at about $694,000. Finally, First Dallas Securities Inc. bought a new stake in United Airlines during the 2nd quarter valued at $207,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
United Airlines Stock Up 5.3%
UAL stock opened at $99.97 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.61 and a current ratio of 0.67. United Airlines Holdings Inc has a fifty-two week low of $52.00 and a fifty-two week high of $116.00. The firm has a market capitalization of $32.36 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.89 and a beta of 1.45. The company’s 50 day moving average price is $99.84 and its 200 day moving average price is $90.20.
Analyst Upgrades and Downgrades
Several analysts have weighed in on UAL shares. Barclays boosted their target price on shares of United Airlines from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. JPMorgan Chase & Co. upped their price objective on shares of United Airlines from $149.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Wall Street Zen lowered shares of United Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Bank of America boosted their price target on United Airlines from $90.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Loop Capital set a $110.00 target price on United Airlines in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, United Airlines has a consensus rating of “Buy” and an average target price of $124.93.
Read Our Latest Analysis on UAL
United Airlines Company 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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