United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Oarsman Capital Inc.

Oarsman Capital Inc. lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 59.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,304 shares of the transportation company’s stock after selling 3,374 shares during the quarter. Oarsman Capital Inc.’s holdings in United Airlines were worth $224,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of Jackson Hole Trust bought a new position in United Airlines during the 4th quarter worth approximately $25,000. Hemington Wealth Management boosted its holdings in shares of United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after buying an additional 131 shares during the period. Roxbury Financial LLC bought a new position in United Airlines during the 4th quarter worth $32,000. Whipplewood Advisors LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc boosted its position in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after acquiring an additional 135 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Performance

United Airlines stock opened at $57.67 on Friday. The firm has a market capitalization of $18.88 billion, a P/E ratio of 6.12, a P/E/G ratio of 0.67 and a beta of 1.19. The stock has a fifty day moving average price of $89.38 and a two-hundred day moving average price of $86.97. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. 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 (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $2.00 EPS. As a group, analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Morgan Stanley raised their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays set a $140.00 price target on United Airlines and gave the company an “overweight” rating in a research note on Wednesday, March 12th. Susquehanna reissued a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Finally, UBS Group reduced their price target on United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $111.08.

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.