Envestnet Asset Management Inc. Has $14.65 Million Stock Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

Envestnet Asset Management Inc. trimmed its holdings in United Airlines Holdings Inc (NASDAQ:UAL) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,210 shares of the transportation company’s stock after selling 11,099 shares during the quarter. Envestnet Asset Management Inc. owned about 0.06% of United Airlines worth $14,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new stake in United Airlines in the fourth quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Airlines during the fourth quarter valued at approximately $36,000. CENTRAL TRUST Co increased its holdings in shares of United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 297 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of United Airlines during the fourth quarter valued at approximately $58,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of United Airlines during the first quarter valued at approximately $69,000. 69.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on UAL shares. Raymond James Financial downgraded United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Evercore ISI restated an “outperform” rating and set a $105.00 price objective on shares of United Airlines in a report on Thursday. Bank of America boosted their price objective on United Airlines from $90.00 to $108.00 and gave the company a “buy” rating in a report on Friday. Sanford C. Bernstein restated an “outperform” rating on shares of United Airlines in a report on Tuesday, May 13th. Finally, Cantor Fitzgerald set a $88.00 target price on United Airlines in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $108.64.

United Airlines Stock Up 1.1%

Shares of NASDAQ:UAL opened at $92.25 on Friday. The company has a market capitalization of $30.13 billion, a PE ratio of 9.24, a price-to-earnings-growth ratio of 1.53 and a beta of 1.42. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.72. The business has a fifty day moving average price of $80.11 and a two-hundred day moving average price of $84.02. United Airlines Holdings Inc has a 1 year low of $37.02 and a 1 year high of $116.00.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.81 by $0.06. The firm had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.14 EPS. Analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share 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.