United Airlines Holdings, Inc. (NASDAQ:UAL) Stake Lessened by Fifth Third Bancorp

Fifth Third Bancorp cut its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,047 shares of the transportation company’s stock after selling 476 shares during the period. Fifth Third Bancorp’s holdings in United Airlines were worth $832,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wahed Invest LLC boosted its holdings in shares of United Airlines by 5.4% during the fourth quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company’s stock valued at $204,000 after acquiring an additional 108 shares during the period. Metis Global Partners LLC lifted its position in United Airlines by 2.0% in the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after purchasing an additional 129 shares during the last quarter. Bell Investment Advisors Inc boosted its stake in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 135 shares during the period. EverSource Wealth Advisors LLC boosted its stake in United Airlines by 3.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,702 shares of the transportation company’s stock valued at $359,000 after purchasing an additional 135 shares during the period. Finally, Modera Wealth Management LLC grew its position in United Airlines by 3.2% in the 4th quarter. Modera Wealth Management LLC now owns 4,442 shares of the transportation company’s stock worth $431,000 after purchasing an additional 137 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UAL has been the topic of a number of recent analyst reports. Evercore ISI cut their price target on United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Wall Street Zen downgraded United Airlines from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 7th. Bank of America decreased their price target on United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Raymond James downgraded shares of United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $104.64.

United Airlines Stock Up 6.1%

NASDAQ UAL opened at $78.52 on Tuesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The stock has a market capitalization of $25.64 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 0.67 and a beta of 1.45. The stock has a fifty day moving average of $74.31 and a 200-day moving average of $86.53.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 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.