United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.8% during the fourth quarter, Holdings Channel reports. The firm owned 17,675 shares of the transportation company’s stock after selling 500 shares during the quarter. Securian Asset Management Inc.’s holdings in United Airlines were worth $1,716,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. State Street Corp grew its stake in United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after purchasing an additional 78,470 shares in the last quarter. Sanders Capital LLC increased its stake in United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after purchasing an additional 1,040,589 shares during the last quarter. Geode Capital Management LLC raised its holdings in United Airlines by 2.1% during the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock worth $477,526,000 after purchasing an additional 168,498 shares in the last quarter. Castle Hook Partners LP lifted its position in shares of United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after buying an additional 2,707,442 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after buying an additional 908,558 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on UAL. Susquehanna restated a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. Bank of America decreased their target price on United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James reaffirmed an “outperform” rating and set a $130.00 price target (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $114.95.

United Airlines Stock Performance

NASDAQ UAL opened at $69.90 on Friday. The stock has a market capitalization of $22.88 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 0.67 and a beta of 1.41. The business’s 50 day moving average is $99.88 and its two-hundred day moving average is $83.84. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 earnings per share. Research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.