Xponance Inc. Sells 1,646 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Xponance Inc. decreased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 41,717 shares of the transportation company’s stock after selling 1,646 shares during the quarter. Xponance Inc.’s holdings in United Airlines were worth $1,721,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. NBC Securities Inc. bought a new stake in United Airlines in the 3rd quarter worth approximately $25,000. Loomis Sayles & Co. L P increased its stake in United Airlines by 707.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after acquiring an additional 545 shares during the last quarter. Venturi Wealth Management LLC increased its stake in United Airlines by 72.1% in the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after acquiring an additional 274 shares during the last quarter. Clear Street Markets LLC increased its stake in United Airlines by 116.8% in the 3rd 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. Finally, Cullen Frost Bankers Inc. increased its stake in United Airlines by 1,000.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,100 shares of the transportation company’s stock worth $47,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

UAL opened at $54.03 on Wednesday. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $58.23. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. The business’s fifty day simple moving average is $44.93 and its 200-day simple moving average is $41.67. The company has a market capitalization of $17.77 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 0.53 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The business had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.55 billion. During the same quarter in the prior year, the company earned $2.46 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts anticipate that United Airlines Holdings, Inc. will post 9.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of research reports. Bank of America lifted their price objective on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. UBS Group began coverage on United Airlines in a report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 target price for the company. Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a report on Tuesday, February 13th. Raymond James lifted their target price on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. Finally, TD Cowen lifted their target price on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $66.53.

Insider Transactions at United Airlines

In other 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 transaction, the executive vice president now owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.63% of the company’s stock.

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.