Greenleaf Trust Cuts Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Greenleaf Trust decreased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 9.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,319 shares of the transportation company’s stock after selling 526 shares during the period. Greenleaf Trust’s holdings in United Airlines were worth $219,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. JB Capital LLC acquired a new position in shares of United Airlines during the 4th quarter worth about $201,000. NWI Management LP boosted its position in shares of United Airlines by 69.6% during the 3rd quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock worth $8,249,000 after acquiring an additional 80,000 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of United Airlines by 3,636.1% during the 4th quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock worth $3,393,000 after acquiring an additional 80,030 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of United Airlines by 43.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock worth $12,197,000 after acquiring an additional 89,106 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in shares of United Airlines by 1,993.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock worth $36,456,000 after acquiring an additional 820,660 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UAL. TD Cowen upped their price objective on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. UBS Group initiated coverage on United Airlines in a research report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 target price for the company. StockNews.com raised United Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday. Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research report on Tuesday, February 13th. Finally, Bank of America upped their target price on United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.53.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.63% of the company’s stock.

United Airlines Stock Down 2.5 %

UAL opened at $52.67 on Thursday. The business has a 50 day moving average price of $45.13 and a two-hundred day moving average price of $41.75. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The company has a market cap of $17.32 billion, a PE ratio of 6.51, a P/E/G ratio of 0.54 and a beta of 1.55. United Airlines Holdings, Inc. has a 52 week low of $33.68 and a 52 week high of $58.23.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.61 by $0.39. The firm had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.46 EPS. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 9.91 EPS for the current 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.