NCP Inc. Trims Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

NCP Inc. lowered its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 48.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,300 shares of the transportation company’s stock after selling 5,000 shares during the period. NCP Inc.’s holdings in United Airlines were worth $258,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of United Airlines by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after purchasing an additional 64,542 shares during the last quarter. Bessemer Group Inc. boosted its holdings in United Airlines by 47.4% in the first quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock valued at $261,000 after acquiring an additional 1,759 shares during the last quarter. Tidal Investments LLC grew its position in United Airlines by 16.4% during the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock valued at $835,000 after acquiring an additional 2,456 shares during the period. Texas Permanent School Fund Corp increased its stake in United Airlines by 1.0% during the first quarter. Texas Permanent School Fund Corp now owns 67,719 shares of the transportation company’s stock worth $3,242,000 after acquiring an additional 669 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its holdings in shares of United Airlines by 5.8% in the 1st quarter. Douglas Lane & Associates LLC now owns 522,808 shares of the transportation company’s stock worth $25,032,000 after purchasing an additional 28,462 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UAL. TD Cowen boosted their target price on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Redburn Atlantic raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Thursday, June 6th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.87.

United Airlines Stock Down 1.6 %

Shares of NASDAQ UAL opened at $56.13 on Wednesday. The firm has a market cap of $18.46 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 1.21 and a beta of 1.43. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $60.23. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. The stock’s 50-day simple moving average is $46.20 and its 200-day simple moving average is $48.19.

United Airlines (NASDAQ:UAL) last announced its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the prior year, the company posted $5.03 EPS. United Airlines’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities analysts anticipate that United Airlines Holdings, Inc. will post 9.78 earnings per share 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.