Boston Partners lessened its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 16.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,329,450 shares of the transportation company’s stock after selling 470,810 shares during the period. Boston Partners owned approximately 0.72% of United Airlines worth $185,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton grew its position in United Airlines by 14.2% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 935 shares of the transportation company’s stock worth $74,000 after purchasing an additional 116 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of United Airlines by 1.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 10,286 shares of the transportation company’s stock valued at $819,000 after buying an additional 116 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of United Airlines by 8.8% in the second quarter. Parkside Financial Bank & Trust now owns 1,759 shares of the transportation company’s stock worth $140,000 after buying an additional 143 shares during the last quarter. Foster Group Inc. grew its holdings in United Airlines by 2.8% during the second quarter. Foster Group Inc. now owns 5,392 shares of the transportation company’s stock worth $429,000 after acquiring an additional 148 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its holdings in United Airlines by 0.7% during the second quarter. Dynamic Technology Lab Private Ltd now owns 23,394 shares of the transportation company’s stock worth $1,863,000 after acquiring an additional 152 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.
United Airlines Trading Up 2.7%
Shares of NASDAQ:UAL opened at $101.59 on Thursday. The business’s 50 day moving average price is $97.44 and its 200-day moving average price is $91.69. United Airlines Holdings Inc has a 1 year low of $52.00 and a 1 year high of $116.00. The firm has a market capitalization of $32.89 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 0.89 and a beta of 1.45. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.67 and a quick ratio of 0.61.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Loop Capital set a $110.00 price objective on United Airlines in a research report on Tuesday, October 21st. Evercore ISI boosted their target price on shares of United Airlines from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. JPMorgan Chase & Co. increased their price target on shares of United Airlines from $149.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Weiss Ratings lowered shares of United Airlines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, UBS Group cut their price objective on shares of United Airlines from $131.00 to $128.00 and set a “buy” rating for the company in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.67.
Get Our Latest Research Report on UAL
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.
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