Fifth Third Bancorp Sells 342 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Fifth Third Bancorp decreased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,781 shares of the transportation company’s stock after selling 342 shares during the period. Fifth Third Bancorp’s holdings in United Airlines were worth $622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UAL. BNP Paribas bought a new position in shares of United Airlines during the first quarter valued at $25,000. Fidelis Capital Partners LLC bought a new position in United Airlines during the first quarter worth $27,000. Crewe Advisors LLC bought a new position in United Airlines during the first quarter worth $32,000. GoalVest Advisory LLC bought a new position in United Airlines during the first quarter worth $33,000. Finally, Richardson Capital Management LLC bought a new position in United Airlines during the first quarter worth $37,000. Institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

UAL has been the subject of a number of analyst reports. Redburn Atlantic raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Thursday, June 6th. Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and lifted their target price for the stock from $54.00 to $65.00 in a research note on Wednesday, May 29th. TD Cowen raised their price target on shares of 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 report on Friday, May 17th. Finally, HSBC initiated coverage on shares of United Airlines in a report on Monday, May 13th. They issued a “buy” rating and a $69.20 price target for the company. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Stock Up 4.5 %

Shares of NASDAQ UAL opened at $43.32 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $56.17. The firm has a market capitalization of $14.24 billion, a PE ratio of 5.35, a price-to-earnings-growth ratio of 0.68 and a beta of 1.44. The firm has a fifty day simple moving average of $45.34 and a two-hundred day simple moving average of $47.00.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.97 by $0.17. The business had revenue of $14.99 billion during 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 company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $5.03 EPS. Equities analysts expect that United Airlines Holdings, Inc. will post 9.63 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 offers catering, ground handling, flight academy, and maintenance services for third parties.