Moors & Cabot Inc. Lowers Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Moors & Cabot Inc. lessened its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 64.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,050 shares of the transportation company’s stock after selling 5,500 shares during the period. Moors & Cabot Inc.’s holdings in United Airlines were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in UAL. AGF Management Ltd. purchased a new stake in United Airlines during the fourth quarter valued at about $2,634,000. Independent Advisor Alliance raised its position in United Airlines by 57.4% during the fourth quarter. Independent Advisor Alliance now owns 28,149 shares of the transportation company’s stock valued at $2,733,000 after purchasing an additional 10,268 shares in the last quarter. Daiwa Securities Group Inc. raised its position in United Airlines by 15.2% during the fourth quarter. Daiwa Securities Group Inc. now owns 23,069 shares of the transportation company’s stock valued at $2,240,000 after purchasing an additional 3,047 shares in the last quarter. Bell Investment Advisors Inc raised its position in United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Finally, Kendall Capital Management raised its position in United Airlines by 11.1% during the fourth quarter. Kendall Capital Management now owns 6,750 shares of the transportation company’s stock valued at $655,000 after purchasing an additional 675 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley raised their price objective on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. TD Cowen raised their price objective on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Bank of America reduced their price objective on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $114.95.

United Airlines Stock Performance

United Airlines stock opened at $73.67 on Friday. The stock’s 50 day simple moving average is $99.44 and its two-hundred day simple moving average is $84.34. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market cap of $24.12 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

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

United Airlines 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.