Solitude Financial Services Cuts Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Solitude Financial Services lessened its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 22.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,300 shares of the transportation company’s stock after selling 1,544 shares during the quarter. Solitude Financial Services’ holdings in United Airlines were worth $258,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in United Airlines by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock worth $55,634,000 after purchasing an additional 64,542 shares in the last quarter. Bessemer Group Inc. grew its holdings in United Airlines by 47.4% in the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock valued at $261,000 after buying an additional 1,759 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of United Airlines by 318.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,778 shares of the transportation company’s stock worth $74,000 after acquiring an additional 1,353 shares during the period. Tidal Investments LLC increased its position in United Airlines by 16.4% during the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after purchasing an additional 2,456 shares during the last quarter. Finally, Jade Capital Advisors LLC purchased a new position in United Airlines during the fourth quarter worth about $7,145,000. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Down 1.4 %

Shares of UAL traded down $0.59 during mid-day trading on Friday, reaching $42.07. The company’s stock had a trading volume of 6,887,976 shares, compared to its average volume of 8,854,420. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $56.17. The stock has a market cap of $13.83 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 0.65 and a beta of 1.44. The company’s 50 day moving average is $46.32 and its 200 day moving average is $47.00.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.97 by $0.17. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm posted $5.03 earnings per share. Equities analysts anticipate that United Airlines Holdings, Inc. will post 9.63 EPS for the current fiscal year.

Analyst Ratings Changes

UAL has been the topic of several analyst reports. Citigroup lifted their price target on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. TD Cowen increased their price target on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research report on Friday, May 17th. Redburn Atlantic upgraded shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Thursday, June 6th. Finally, Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and boosted their target price for the company from $54.00 to $65.00 in a research report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.68.

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.