United Airlines Holdings, Inc. (NASDAQ:UAL) is Mount Lucas Management LP’s 9th Largest Position

Mount Lucas Management LP lessened its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 8.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,560 shares of the transportation company’s stock after selling 3,931 shares during the quarter. United Airlines comprises 1.4% of Mount Lucas Management LP’s holdings, making the stock its 9th largest position. Mount Lucas Management LP’s holdings in United Airlines were worth $4,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. State Street Corp increased its position in shares of United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after acquiring an additional 78,470 shares during the period. Longbow Finance SA purchased a new position in United Airlines during the 4th quarter worth $9,359,000. Charles Schwab Investment Management Inc. increased its holdings in United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after purchasing an additional 908,558 shares during the period. MidWestOne Financial Group Inc. raised its position in United Airlines by 28.0% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after purchasing an additional 11,743 shares in the last quarter. Finally, KBC Group NV purchased a new stake in shares of United Airlines in the 4th quarter worth $485,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Down 3.9 %

NASDAQ UAL opened at $82.88 on Monday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market capitalization of $27.13 billion, a PE ratio of 8.79, a P/E/G ratio of 0.67 and a beta of 1.41. The company has a fifty day moving average of $101.72 and a 200 day moving average of $83.53.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping 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 was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 earnings per share. Research analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analysts Set New Price Targets

UAL has been the topic of several research reports. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Citigroup raised their target price on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Raymond James reaffirmed an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Barclays upped their target price on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price 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.