United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 21.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,068 shares of the transportation company’s stock after selling 35,336 shares during the quarter. Victory Capital Management Inc.’s holdings in United Airlines were worth $5,325,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. NBC Securities Inc. purchased a new stake in United Airlines in the third quarter valued at approximately $25,000. Loomis Sayles & Co. L P grew its position in United Airlines by 707.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after purchasing an additional 545 shares during the last quarter. Venturi Wealth Management LLC increased its stake in United Airlines by 72.1% in the fourth 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 during the period. Wetzel Investment Advisors Inc. purchased a new stake in shares of United Airlines in the fourth quarter valued at about $27,000. Finally, Clear Street Markets LLC boosted its stake in shares of United Airlines by 116.8% during the third quarter. Clear Street Markets LLC now owns 930 shares of the transportation company’s stock worth $39,000 after buying an additional 501 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Transactions at United Airlines

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

Wall Street Analysts Forecast Growth

UAL has been the subject of several analyst reports. HSBC assumed coverage on United Airlines in a research note on Monday. They set a “buy” rating and a $69.20 price objective for the company. TD Cowen boosted their price objective on shares of United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. StockNews.com upgraded shares of United Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Evercore ISI raised shares of United Airlines from an “in-line” rating to an “outperform” rating and increased their price target for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Finally, Susquehanna lifted their price objective on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.70.

United Airlines Stock Up 1.3 %

United Airlines stock opened at $55.09 on Wednesday. The firm has a market capitalization of $18.11 billion, a price-to-earnings ratio of 6.81, a price-to-earnings-growth ratio of 0.54 and a beta of 1.49. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $58.23. The stock’s fifty day moving average is $47.33 and its two-hundred day moving average is $43.15.

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