United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,387 shares of the transportation company’s stock after selling 394 shares during the quarter. Hartford Investment Management Co.’s holdings in United Airlines were worth $1,980,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in UAL. CWM LLC grew its holdings in United Airlines by 79.5% in the third quarter. CWM LLC now owns 13,607 shares of the transportation company’s stock valued at $776,000 after purchasing an additional 6,027 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in United Airlines in the 3rd quarter valued at about $344,000. Creative Planning increased its holdings in United Airlines by 16.5% during the 3rd quarter. Creative Planning now owns 132,807 shares of the transportation company’s stock valued at $7,578,000 after acquiring an additional 18,767 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in United Airlines by 19.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,928 shares of the transportation company’s stock worth $338,000 after acquiring an additional 982 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of United Airlines by 16.3% in the third quarter. V Square Quantitative Management LLC now owns 7,527 shares of the transportation company’s stock valued at $429,000 after purchasing an additional 1,057 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the sale, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is currently owned by insiders.

United Airlines Stock Down 3.2 %

Shares of NASDAQ UAL opened at $100.89 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $33.18 billion, a PE ratio of 10.70, a P/E/G ratio of 0.71 and a beta of 1.43. The firm has a fifty day moving average of $102.29 and a 200-day moving average of $76.78. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.00 earnings per share. On average, analysts anticipate that United Airlines Holdings, Inc. will post 13.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Sanford C. Bernstein boosted their price target on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. TD Cowen increased their price objective on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Raymond James reissued an “outperform” rating and issued a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Finally, Bank of America upped their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Airlines presently has an average rating of “Buy” and an average target price of $113.88.

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.