tru Independence LLC Trims Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

tru Independence LLC cut its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,705 shares of the transportation company’s stock after selling 2,525 shares during the quarter. United Airlines comprises 1.7% of tru Independence LLC’s investment portfolio, making the stock its 24th biggest position. tru Independence LLC’s holdings in United Airlines were worth $5,630,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in shares of United Airlines in the 2nd quarter valued at about $4,274,000. Victory Capital Management Inc. lifted its position in United Airlines by 8.8% during the second quarter. Victory Capital Management Inc. now owns 146,574 shares of the transportation company’s stock valued at $7,132,000 after purchasing an additional 11,906 shares during the last quarter. Range Financial Group LLC bought a new stake in United Airlines during the second quarter valued at approximately $202,000. TD Asset Management Inc grew its stake in United Airlines by 43.5% in the 2nd quarter. TD Asset Management Inc now owns 121,496 shares of the transportation company’s stock worth $5,912,000 after buying an additional 36,836 shares in the last quarter. Finally, Privium Fund Management UK Ltd bought a new position in shares of United Airlines in the 2nd quarter worth $2,656,000. 69.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UAL has been the subject of a number of research analyst reports. Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $54.00 to $65.00 in a report on Wednesday, May 29th. HSBC began coverage on United Airlines in a report on Monday, May 13th. They issued a “buy” rating and a $69.20 price objective for the company. Wolfe Research raised United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Friday, May 17th. TD Cowen upped their target price on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, Redburn Atlantic raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Thursday, June 6th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Price Performance

UAL stock opened at $46.01 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. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 0.71 and a beta of 1.43. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $56.17. The firm’s 50-day moving average price is $44.28 and its two-hundred day moving average price is $47.13.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating 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 return on equity of 33.90% and a net margin of 5.28%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $5.03 earnings per share. As a group, equities analysts predict that United Airlines Holdings, Inc. will post 9.63 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.