Oxinas Partners Wealth Management LLC Trims Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Oxinas Partners Wealth Management LLC lessened its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,813 shares of the transportation company’s stock after selling 4,617 shares during the quarter. United Airlines accounts for 1.9% of Oxinas Partners Wealth Management LLC’s portfolio, making the stock its 15th largest position. Oxinas Partners Wealth Management LLC’s holdings in United Airlines were worth $2,864,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of UAL. Wetzel Investment Advisors Inc. acquired a new stake in United Airlines during the fourth quarter worth about $27,000. Venturi Wealth Management LLC increased its holdings in shares of United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 274 shares in the last quarter. GoalVest Advisory LLC purchased a new stake in United Airlines during the first quarter worth $33,000. Richardson Capital Management LLC purchased a new position in United Airlines in the first quarter valued at $37,000. Finally, Mather Group LLC. acquired a new position in shares of United Airlines in the first quarter worth about $44,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UAL shares. Citigroup raised their price target on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Morgan Stanley lifted their price target on United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday, April 18th. Raymond James increased their price objective on United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Redburn Atlantic raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Thursday, June 6th. Finally, Bank of America boosted their price target on shares of United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $70.89.

Insiders Place Their Bets

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the transaction, the executive vice president now owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is owned by insiders.

United Airlines Stock Down 0.3 %

Shares of United Airlines stock traded down $0.13 during trading hours on Tuesday, hitting $48.20. The company had a trading volume of 4,876,566 shares, compared to its average volume of 9,027,505. The company’s 50-day moving average is $51.89 and its two-hundred day moving average is $46.27. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69. The company has a market cap of $15.85 billion, a P/E ratio of 5.96, a price-to-earnings-growth ratio of 0.48 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.38. The firm had revenue of $12.54 billion during the quarter, compared to analysts’ expectations of $12.43 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. Analysts anticipate that United Airlines Holdings, Inc. will post 9.93 earnings per share for the current fiscal 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.