Chapin Davis Inc. Sells 5,500 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Chapin Davis Inc. lessened its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 34.5% during the 1st quarter, Holdings Channel reports. The fund owned 10,450 shares of the transportation company’s stock after selling 5,500 shares during the period. Chapin Davis Inc.’s holdings in United Airlines were worth $500,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UAL. Venturi Wealth Management LLC boosted its position in United Airlines by 72.1% during the 4th 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 stake in shares of United Airlines during the 4th quarter valued at $27,000. GoalVest Advisory LLC purchased a new stake in shares of United Airlines during the 1st quarter valued at $33,000. Richardson Capital Management LLC purchased a new position in United Airlines in the 1st quarter worth $37,000. Finally, Mather Group LLC. purchased a new position in United Airlines in the 1st quarter worth $44,000. Institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on UAL shares. HSBC started coverage on United Airlines in a research note on Monday, May 13th. They issued a “buy” rating and a $69.20 target price for the company. Bank of America lifted their price objective on United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Susquehanna lifted their price objective on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, April 18th. Citigroup lifted their price objective on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and lifted their price objective for the company from $54.00 to $65.00 in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.89.

United Airlines Trading Down 0.7 %

UAL stock opened at $48.33 on Tuesday. The stock has a market cap of $15.89 billion, a price-to-earnings ratio of 5.97, a PEG ratio of 0.48 and a beta of 1.44. The business’s 50-day moving average is $52.00 and its 200 day moving average is $46.23. 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.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.38. The business had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.43 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. On average, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 9.93 EPS for the current fiscal year.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of United Airlines stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the sale, 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 SEC, which can be accessed through this link. Insiders own 0.63% of the company’s stock.

About United Airlines

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.