Xponance Inc. Has $4.80 Million Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Xponance Inc. decreased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,389 shares of the transportation company’s stock after selling 1,417 shares during the period. Xponance Inc.’s holdings in United Airlines were worth $4,796,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UAL. CIBC Asset Management Inc boosted its stake in United Airlines by 8.5% in the 3rd quarter. CIBC Asset Management Inc now owns 47,956 shares of the transportation company’s stock worth $2,736,000 after purchasing an additional 3,748 shares during the period. Natixis Advisors LLC boosted its stake in United Airlines by 18.9% in the 3rd quarter. Natixis Advisors LLC now owns 85,680 shares of the transportation company’s stock worth $4,889,000 after purchasing an additional 13,642 shares during the period. Thrivent Financial for Lutherans boosted its stake in United Airlines by 1,464.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 207,603 shares of the transportation company’s stock worth $11,846,000 after purchasing an additional 194,337 shares during the period. Quest Partners LLC boosted its stake in United Airlines by 268.7% in the 3rd quarter. Quest Partners LLC now owns 2,791 shares of the transportation company’s stock worth $159,000 after purchasing an additional 2,034 shares during the period. Finally, Commerce Bank boosted its stake in United Airlines by 1.1% in the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after purchasing an additional 196 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UAL shares. Susquehanna restated a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. Raymond James restated an “outperform” rating and set a $130.00 price objective (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. TD Cowen increased their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their price objective on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, Bank of America reduced their price objective on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $114.95.

United Airlines Stock Up 4.3 %

NASDAQ UAL opened at $74.43 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a 50 day moving average of $97.76 and a 200-day moving average of $84.98. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the business earned $2.00 earnings per share. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal 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.