Oarsman Capital Inc. Sells 3,374 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Oarsman Capital Inc. lessened its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 59.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,304 shares of the transportation company’s stock after selling 3,374 shares during the period. Oarsman Capital Inc.’s holdings in United Airlines were worth $224,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in United Airlines by 16.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 233,464 shares of the transportation company’s stock valued at $13,321,000 after purchasing an additional 32,725 shares during the period. Captrust Financial Advisors raised its position in shares of United Airlines by 10.3% during the third quarter. Captrust Financial Advisors now owns 16,104 shares of the transportation company’s stock worth $919,000 after purchasing an additional 1,499 shares during the period. Quantinno Capital Management LP grew its position in shares of United Airlines by 187.1% in the 3rd quarter. Quantinno Capital Management LP now owns 103,049 shares of the transportation company’s stock valued at $5,880,000 after purchasing an additional 67,150 shares during the period. Stifel Financial Corp raised its holdings in United Airlines by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 107,510 shares of the transportation company’s stock worth $6,135,000 after buying an additional 509 shares during the period. Finally, State Street Corp lifted its stake in United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after buying an additional 78,470 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Bank of America reduced their target price on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday. Morgan Stanley boosted their target price on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target 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. UBS Group cut their price objective on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Finally, TD Cowen lifted their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $111.08.

United Airlines Stock Down 4.3 %

United Airlines stock opened at $57.67 on Friday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The stock has a market cap of $18.88 billion, a P/E ratio of 6.12, a P/E/G ratio of 0.67 and a beta of 1.19. The company’s 50-day moving average price is $89.38 and its two-hundred day moving average price is $86.97. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $2.00 EPS. As a group, analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.