Marshall Wace LLP Trims Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Marshall Wace LLP reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 36.3% in the fourth quarter, Holdings Channel reports. The firm owned 991,432 shares of the transportation company’s stock after selling 563,815 shares during the period. Marshall Wace LLP’s holdings in United Airlines were worth $96,268,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of Jackson Hole Trust purchased a new stake in United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management raised 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 valued at $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of United Airlines in the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC bought a new position in United Airlines in the fourth quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc increased its holdings in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after purchasing an additional 135 shares during the period. 69.69% of the stock is currently owned by institutional investors.

United Airlines Trading Down 0.0 %

Shares of NASDAQ:UAL opened at $66.99 on Thursday. The business’s 50-day moving average is $80.67 and its 200 day moving average is $87.19. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The firm has a market capitalization of $21.93 billion, a P/E ratio of 7.10, a P/E/G ratio of 0.67 and a beta of 1.19.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.16. The firm had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, research analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group cut United Airlines from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $107.00 to $59.00 in a report on Monday, April 7th. Jefferies Financial Group dropped their target price on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Raymond James lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Evercore ISI dropped their price objective on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $102.01.

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.