Rhumbline Advisers Cuts Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Rhumbline Advisers lowered its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 519,904 shares of the transportation company’s stock after selling 4,785 shares during the quarter. Rhumbline Advisers’ holdings in United Airlines were worth $50,483,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Moody National Bank Trust Division lifted its position in United Airlines by 2.1% during the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after purchasing an additional 98 shares during the last quarter. Diversify Advisory Services LLC lifted its position in United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 101 shares during the last quarter. Huntington National Bank lifted its position in United Airlines by 10.8% during the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 129 shares during the last quarter. Hemington Wealth Management lifted its position in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of United Airlines by 25.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock worth $69,000 after acquiring an additional 142 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 3.3 %

NASDAQ UAL opened at $104.26 on Tuesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The company has a market capitalization of $34.29 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The company’s 50-day simple moving average is $102.34 and its two-hundred day simple moving average is $77.79. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 EPS. Equities analysts forecast that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

Insider Buying and Selling at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the transaction, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UAL shares. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Citigroup raised their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Raymond James restated an “outperform” rating and issued a $130.00 target price (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $113.88.

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.