Brandywine Global Investment Management LLC Lowers Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Brandywine Global Investment Management LLC cut its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200,347 shares of the transportation company’s stock after selling 15,788 shares during the period. Brandywine Global Investment Management LLC’s holdings in United Airlines were worth $19,454,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Boston Partners purchased a new position in United Airlines in the fourth quarter valued at $323,508,000. Norges Bank purchased a new position in shares of United Airlines in the 4th quarter valued at about $170,732,000. Prudential Financial Inc. grew its position in shares of United Airlines by 310.2% during the fourth quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company’s stock worth $112,996,000 after buying an additional 879,992 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of United Airlines by 1,492.8% during the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock worth $88,557,000 after buying an additional 854,759 shares during the period. Finally, Holocene Advisors LP raised its holdings in United Airlines by 529.7% in the third quarter. Holocene Advisors LP now owns 822,861 shares of the transportation company’s stock valued at $46,952,000 after acquiring an additional 692,176 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Trading Down 4.5 %

Shares of United Airlines stock opened at $70.23 on Monday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The company has a market capitalization of $22.99 billion, a P/E ratio of 7.45, a PEG ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company’s fifty day moving average is $93.52 and its two-hundred day moving average is $86.72.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (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 analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $2.00 earnings per share. Analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Ratings Changes

UAL has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Susquehanna reissued a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Barclays set a $140.00 price objective on United Airlines and gave the company an “overweight” rating in a report on Wednesday, March 12th. Finally, Raymond James restated an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Airlines presently has an average rating of “Buy” and an average price target of $112.75.

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.