United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 123,404 shares of the transportation company’s stock after selling 8,860 shares during the quarter. Commonwealth Equity Services LLC’s holdings in United Airlines were worth $6,005,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BNP Paribas acquired a new stake in United Airlines in the 1st quarter worth approximately $25,000. Fidelis Capital Partners LLC purchased a new stake in shares of United Airlines during the first quarter valued at $27,000. Crewe Advisors LLC acquired a new position in shares of United Airlines in the 1st quarter valued at $32,000. GoalVest Advisory LLC acquired a new position in shares of United Airlines in the 1st quarter valued at $33,000. Finally, UMB Bank n.a. raised its stake in United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after acquiring an additional 255 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UAL has been the topic of a number of research reports. Redburn Atlantic raised United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Thursday, June 6th. Jefferies Financial Group upgraded shares of United Airlines from a “hold” rating to a “buy” rating and increased their price target for the stock from $54.00 to $65.00 in a report on Wednesday, May 29th. HSBC started coverage on shares of United Airlines in a research note on Monday, May 13th. They set a “buy” rating and a $69.20 price objective for the company. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Friday, May 17th. Finally, Citigroup boosted their target price on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Stock Up 2.0 %

United Airlines stock opened at $46.01 on Friday. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $56.17. The stock has a market capitalization of $15.13 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. The business has a 50 day simple moving average of $44.28 and a 200-day simple moving average of $47.13.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.03 earnings per share. On average, analysts anticipate that United Airlines Holdings, Inc. will post 9.63 EPS for the current fiscal year.

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.