United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. lowered its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 41.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,197,794 shares of the transportation company’s stock after selling 858,072 shares during the period. United Airlines comprises about 11.5% of U S Global Investors Inc.’s holdings, making the stock its largest position. U S Global Investors Inc.’s holdings in United Airlines were worth $116,306,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in United Airlines during the 4th quarter worth $25,000. Hemington Wealth Management boosted its stake in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of United Airlines during the fourth quarter worth about $32,000. Roxbury Financial LLC acquired a new position in United Airlines in the 4th quarter valued at about $32,000. Finally, Winch Advisory Services LLC acquired a new stake in United Airlines during the 4th quarter worth approximately $38,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. TD Cowen increased their price target on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Raymond James restated an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Finally, Morgan Stanley increased their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $113.88.

United Airlines Stock Performance

NASDAQ:UAL opened at $92.17 on Friday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a market capitalization of $30.31 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a 50-day moving average price of $103.07 and a two-hundred day moving average price of $80.98.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. The firm had revenue of $14.70 billion during 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 EPS. As a group, research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

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.