United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Holdings Trimmed by Everence Capital Management Inc.

Everence Capital Management Inc. lowered its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 40.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,060 shares of the transportation company’s stock after selling 8,760 shares during the period. Everence Capital Management Inc.’s holdings in United Airlines were worth $539,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital International Investors bought a new stake in shares of United Airlines in the 1st quarter worth $351,299,000. Altimeter Capital Management LP bought a new stake in shares of United Airlines in the 1st quarter worth $115,175,000. Ensign Peak Advisors Inc raised its stake in shares of United Airlines by 1,248.8% in the 1st quarter. Ensign Peak Advisors Inc now owns 1,474,058 shares of the transportation company’s stock worth $68,337,000 after buying an additional 1,364,768 shares in the last quarter. Man Group plc raised its stake in shares of United Airlines by 347.1% in the 4th quarter. Man Group plc now owns 1,549,450 shares of the transportation company’s stock worth $58,414,000 after buying an additional 1,202,905 shares in the last quarter. Finally, U S Global Investors Inc. raised its stake in shares of United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock worth $171,637,000 after buying an additional 1,005,170 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of UAL stock opened at $48.74 on Thursday. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $58.23. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 2.70. The company has a market capitalization of $16.03 billion, a price-to-earnings ratio of 6.02, a P/E/G ratio of 0.58 and a beta of 1.55. The stock’s fifty day simple moving average is $44.09 and its 200-day simple moving average is $41.35.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a return on equity of 40.50% and a net margin of 4.90%. The firm had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.55 billion. During the same quarter in the previous year, the company posted $2.46 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 9.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of recent research reports. Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Tuesday, February 13th. Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $58.00 to $65.00 in a report on Friday, February 9th. UBS Group initiated coverage on United Airlines in a report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 target price on the stock. Raymond James decreased their target price on United Airlines from $68.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, December 20th. Finally, TD Cowen lifted their target price on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.60.

United Airlines 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.