Amalgamated Bank Sells 24,815 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Amalgamated Bank cut its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 21.1% during the fourth quarter, HoldingsChannel reports. The firm owned 92,819 shares of the transportation company’s stock after selling 24,815 shares during the period. Amalgamated Bank’s holdings in United Airlines were worth $3,830,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Venturi Wealth Management LLC raised its position in shares of United Airlines by 72.1% during the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after buying an additional 274 shares during the last quarter. New York Life Investment Management LLC lifted its position in shares of United Airlines by 0.7% in the 3rd quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock worth $1,943,000 after acquiring an additional 308 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of United Airlines by 11.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,736 shares of the transportation company’s stock worth $158,000 after purchasing an additional 372 shares in the last quarter. Watershed Asset Management L.L.C. increased its position in shares of United Airlines by 6.1% during the fourth quarter. Watershed Asset Management L.L.C. now owns 6,537 shares of the transportation company’s stock valued at $270,000 after purchasing an additional 375 shares during the period. Finally, Signaturefd LLC raised its stake in shares of United Airlines by 11.0% in the third quarter. Signaturefd LLC now owns 3,947 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 392 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James upped their target price on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and upped their price objective for the company from $58.00 to $65.00 in a research note on Friday, February 9th. Morgan Stanley increased their target price on United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. TD Cowen upped their price target on United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Finally, Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.53.

Insider Activity at United Airlines

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of United Airlines stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the sale, the executive vice president now owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.63% of the stock is currently owned by company insiders.

United Airlines Stock Down 0.7 %

NASDAQ UAL opened at $52.63 on Friday. The stock has a market capitalization of $17.30 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 0.51 and a beta of 1.49. United Airlines Holdings, Inc. has a 52 week low of $33.68 and a 52 week high of $58.23. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. The stock has a fifty day moving average of $46.83 and a 200-day moving average of $42.71.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share for the quarter, topping the consensus estimate 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%. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 9.93 EPS 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 offers catering, ground handling, flight academy, and maintenance services for third parties.