Amalgamated Bank Reduces Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Amalgamated Bank lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,005 shares of the transportation company’s stock after selling 1,530 shares during the quarter. Amalgamated Bank’s holdings in United Airlines were worth $6,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Castle Hook Partners LP boosted its holdings in shares of United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after buying an additional 2,707,442 shares in the last quarter. Rubric Capital Management LP purchased a new position in United Airlines during the 3rd quarter valued at about $63,486,000. Sanders Capital LLC lifted its position in United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after acquiring an additional 1,040,589 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after acquiring an additional 908,558 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in United Airlines by 1,492.8% in the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock worth $88,557,000 after purchasing an additional 854,759 shares during the period. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $97.40 on Thursday. 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 firm’s 50-day moving average price is $103.14 and its 200-day moving average price is $80.90. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a market cap of $32.03 billion, a PE ratio of 10.33, a PEG ratio of 0.67 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 EPS. As a group, analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UAL shares. Susquehanna reissued a “hold” rating on shares of United Airlines in a research report on Tuesday. JPMorgan Chase & Co. lifted their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Morgan Stanley increased their target price on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 price target on shares of United Airlines in a research report on Friday, November 15th. Finally, Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Two equities research 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. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus 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.