United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP lessened its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 46.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,687 shares of the transportation company’s stock after selling 17,389 shares during the period. Qsemble Capital Management LP’s holdings in United Airlines were worth $958,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Capital International Investors increased its position in United Airlines by 2.4% during the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock worth $885,912,000 after buying an additional 429,501 shares during the period. Dimensional Fund Advisors LP increased its position in United Airlines by 24.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock worth $170,974,000 after buying an additional 812,257 shares during the period. Par Capital Management Inc. increased its position in United Airlines by 7.2% during the fourth quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock worth $91,737,000 after buying an additional 150,000 shares during the period. Interval Partners LP acquired a new position in United Airlines during the first quarter worth approximately $103,354,000. Finally, Patient Capital Management LLC increased its position in United Airlines by 11.9% during the fourth quarter. Patient Capital Management LLC now owns 1,221,053 shares of the transportation company’s stock worth $50,381,000 after buying an additional 129,981 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on UAL shares. Citigroup lifted their price target on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. TD Cowen lifted their target price on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and lifted their target price for the company from $54.00 to $65.00 in a research note on Wednesday, May 29th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Thursday, June 6th. Finally, Wolfe Research upgraded United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research note on Friday, May 17th. 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.com, United Airlines has a consensus rating of “Moderate Buy” and an average target price of $71.68.

United Airlines Stock Up 2.4 %

United Airlines stock opened at $49.65 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $56.17. The company has a market cap of $16.33 billion, a PE ratio of 6.14, a price-to-earnings-growth ratio of 1.02 and a beta of 1.43. The stock’s 50 day moving average price is $44.31 and its 200 day moving average price is $47.22.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.17. The firm had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. United Airlines’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $5.03 earnings per share. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 9.73 EPS 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.