Bank of New York Mellon Corp Decreases Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Bank of New York Mellon Corp cut its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,504,166 shares of the transportation company’s stock after selling 37,776 shares during the quarter. Bank of New York Mellon Corp’s holdings in United Airlines were worth $146,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. TCW Group Inc. increased its position in shares of United Airlines by 18.8% during the 4th quarter. TCW Group Inc. now owns 52,562 shares of the transportation company’s stock valued at $5,104,000 after purchasing an additional 8,314 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in United Airlines by 2,276.5% in the 4th quarter. First Horizon Advisors Inc. now owns 808 shares of the transportation company’s stock worth $78,000 after acquiring an additional 774 shares during the last quarter. Navellier & Associates Inc. purchased a new stake in United Airlines in the 4th quarter worth about $5,772,000. Peregrine Asset Advisers Inc. purchased a new stake in United Airlines in the 4th quarter worth about $478,000. Finally, Transcend Capital Advisors LLC purchased a new stake in United Airlines in the 4th quarter worth about $350,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UAL has been the subject of several recent research reports. Citigroup lifted their price objective on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Melius Research raised United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. UBS Group lifted their price objective on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Barclays raised their target price on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has an average rating of “Buy” and an average target price of $113.88.

United Airlines Stock Up 1.8 %

Shares of NASDAQ UAL opened at $93.81 on Friday. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $30.85 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.67 and a beta of 1.43. The business has a 50-day moving average of $103.00 and a 200-day moving average of $81.35.

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

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.