United Airlines Holdings, Inc. (NASDAQ:UAL) Stake Lowered by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,865 shares of the transportation company’s stock after selling 335 shares during the quarter. Cadent Capital Advisors LLC’s holdings in United Airlines were worth $510,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Glassman Wealth Services grew its position in United Airlines by 875.0% in the 4th quarter. Glassman Wealth Services now owns 585 shares of the transportation company’s stock valued at $25,000 after buying an additional 525 shares in the last quarter. Sterling Financial Planning Inc. acquired a new position in shares of United Airlines in the fourth quarter worth about $30,000. E Fund Management Co. Ltd. acquired a new stake in United Airlines during the 1st quarter valued at $32,000. Certified Advisory Corp acquired a new stake in United Airlines during the 1st quarter worth about $33,000. Finally, Berman Capital Advisors LLC boosted its position in United Airlines by 151.7% during the fourth quarter. Berman Capital Advisors LLC now owns 808 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 487 shares during the last quarter. Hedge funds and other institutional investors own 62.23% of the company’s stock.

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of United Airlines from $43.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, April 14th. Barclays boosted their target price on United Airlines from $44.00 to $62.00 in a report on Thursday, April 15th. Morgan Stanley raised their price target on shares of United Airlines from $65.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, June 1st. Raymond James dropped their target price on shares of United Airlines from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Wednesday, April 21st. Finally, The Goldman Sachs Group upped their price objective on shares of United Airlines from $54.00 to $74.00 and gave the company a “buy” rating in a research report on Tuesday, March 16th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $55.35.

Shares of UAL stock traded up $0.50 during mid-day trading on Friday, reaching $56.76. The stock had a trading volume of 370,162 shares, compared to its average volume of 15,155,931. The company has a 50-day moving average price of $55.78. The company has a market capitalization of $18.37 billion, a price-to-earnings ratio of -2.47 and a beta of 1.63. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 5.01. United Airlines Holdings, Inc. has a 52-week low of $29.23 and a 52-week high of $63.70.

United Airlines (NASDAQ:UAL) last announced its earnings results on Sunday, April 18th. The transportation company reported ($7.50) EPS for the quarter, missing the Zacks’ consensus estimate of ($7.08) by ($0.42). United Airlines had a negative net margin of 63.43% and a negative return on equity of 141.48%. The business had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm posted ($2.57) EPS. The business’s quarterly revenue was down 59.9% on a year-over-year basis. Equities analysts forecast that United Airlines Holdings, Inc. will post -12.6 earnings per share for the current year.

About United Airlines

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 sells fuel; and offers catering, ground handling, and maintenance services for third parties.

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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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