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

LSV Asset Management reduced its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,084,146 shares of the transportation company’s stock after selling 176,600 shares during the quarter. LSV Asset Management’s holdings in United Airlines were worth $150,075,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas acquired a new position in United Airlines in the 1st quarter valued at $25,000. Fidelis Capital Partners LLC acquired a new position in United Airlines in the 1st quarter valued at $27,000. Crewe Advisors LLC acquired a new position in United Airlines in the 1st quarter valued at $32,000. GoalVest Advisory LLC acquired a new position in United Airlines in the 1st quarter valued at $33,000. Finally, UMB Bank n.a. raised its stake in United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 255 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UAL has been the topic of several analyst reports. Citigroup lifted their price target on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and lifted their price target for the stock from $54.00 to $65.00 in a report on Wednesday, May 29th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Thursday, June 6th. HSBC initiated coverage on United Airlines in a report on Monday, May 13th. They set a “buy” rating and a $69.20 price target on the stock. Finally, Wolfe Research upgraded United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Friday, May 17th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Trading Up 2.0 %

NASDAQ UAL traded up $0.89 during trading on Friday, hitting $46.01. The stock had a trading volume of 7,921,987 shares, compared to its average volume of 8,591,235. The company has a market capitalization of $15.13 billion, a PE ratio of 5.69, a PEG ratio of 0.71 and a beta of 1.43. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07. The firm has a 50 day moving average price of $44.28 and a 200 day moving average price of $47.13. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $56.17.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.17. The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. United Airlines’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $5.03 EPS. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 9.63 earnings per share for the current 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.