J.W. Cole Advisors Inc. Trims Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

J.W. Cole Advisors Inc. decreased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UALGet Rating) by 9.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,020 shares of the transportation company’s stock after selling 540 shares during the period. J.W. Cole Advisors Inc.’s holdings in United Airlines were worth $233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UAL. Capital International Investors purchased a new stake in shares of United Airlines in the 1st quarter worth approximately $351,299,000. Altimeter Capital Management LP purchased a new stake in shares of United Airlines in the 1st quarter worth approximately $115,175,000. Neuberger Berman Group LLC grew its stake in shares of United Airlines by 35.7% in the 1st quarter. Neuberger Berman Group LLC now owns 5,505,255 shares of the transportation company’s stock worth $255,183,000 after buying an additional 1,448,947 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in shares of United Airlines by 1,248.8% in the 1st quarter. Ensign Peak Advisors Inc now owns 1,474,058 shares of the transportation company’s stock worth $68,337,000 after buying an additional 1,364,768 shares during the last quarter. Finally, U S Global Investors Inc. grew its stake in shares of United Airlines by 17.4% in the 1st quarter. U S Global Investors Inc. now owns 8,690,336 shares of the transportation company’s stock worth $402,884,000 after buying an additional 1,286,491 shares during the last quarter. Hedge funds and other institutional investors own 63.72% of the company’s stock.

United Airlines Stock Down 5.4 %

Shares of NASDAQ UAL opened at $36.12 on Thursday. United Airlines Holdings, Inc. has a 12-month low of $30.54 and a 12-month high of $54.52. The stock has a market cap of $11.80 billion, a PE ratio of -9.53 and a beta of 1.28. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 7.41. The company has a 50-day moving average of $37.79 and a 200 day moving average of $40.79.

United Airlines (NASDAQ:UALGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.77 by ($0.34). United Airlines had a negative net margin of 3.43% and a negative return on equity of 38.92%. The business had revenue of $12.11 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the prior year, the company posted ($3.91) EPS. The firm’s revenue was up 121.4% on a year-over-year basis. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on UAL shares. Evercore ISI lowered their price objective on United Airlines to $38.00 in a research report on Friday, July 22nd. Barclays cut their price objective on United Airlines from $58.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, July 8th. BNP Paribas lowered United Airlines from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $38.00 to $33.00 in a research report on Thursday, July 7th. Susquehanna lowered United Airlines from a “positive” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Wednesday, August 3rd. Finally, Susquehanna Bancshares lowered United Airlines to a “neutral” rating and set a $35.00 price target for the company. in a research report on Monday, July 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, United Airlines presently has an average rating of “Hold” and a consensus price target of $53.47.

Insider Buying and Selling

In related news, Director Edward Shapiro bought 25,000 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were purchased at an average cost of $35.84 per share, with a total value of $896,000.00. Following the transaction, the director now directly owns 125,000 shares of the company’s stock, valued at approximately $4,480,000. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.37% of the stock is currently owned by corporate insiders.

About United Airlines

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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, training, and maintenance services for third parties.

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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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