Wolf Hill Capital Management LP Has $79.48 Million Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Wolf Hill Capital Management LP lowered its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 65.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 818,506 shares of the transportation company’s stock after selling 1,531,494 shares during the period. United Airlines accounts for approximately 5.7% of Wolf Hill Capital Management LP’s investment portfolio, making the stock its 5th biggest holding. Wolf Hill Capital Management LP’s holdings in United Airlines were worth $79,477,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Sanders Capital LLC lifted its stake in United Airlines by 46.4% in the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock worth $1,344,671,000 after acquiring an additional 4,390,721 shares during the period. Boston Partners purchased a new position in shares of United Airlines during the fourth quarter valued at about $323,508,000. FMR LLC lifted its holdings in United Airlines by 70.9% in the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company’s stock worth $705,798,000 after buying an additional 3,015,979 shares during the period. Senator Investment Group LP grew its holdings in shares of United Airlines by 214.8% during the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company’s stock worth $316,648,000 after acquiring an additional 2,225,000 shares during the period. Finally, Capital World Investors lifted its stake in shares of United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock valued at $950,461,000 after purchasing an additional 1,791,654 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Price Performance

NASDAQ UAL opened at $65.30 on Tuesday. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The business’s fifty day moving average price is $78.36 and its 200-day moving average price is $87.81.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. On average, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UAL. UBS Group raised their price objective on United Airlines from $59.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Raymond James downgraded shares of United Airlines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Jefferies Financial Group dropped their price target on United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Evercore ISI lowered their price objective on United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Finally, Barclays reduced their price target on United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $101.95.

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.