Brandywine Global Investment Management LLC Lowers Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Brandywine Global Investment Management LLC reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 200,347 shares of the transportation company’s stock after selling 15,788 shares during the quarter. Brandywine Global Investment Management LLC owned 0.06% of United Airlines worth $19,454,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Bank of Jackson Hole Trust purchased a new position in shares of United Airlines during the 4th quarter valued at approximately $25,000. Hemington Wealth Management increased its holdings in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after buying an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of United Airlines in the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new position in United Airlines in the 4th quarter worth about $32,000. Finally, Bell Investment Advisors Inc raised its stake in shares of 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 buying an additional 135 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Trading Down 4.5 %

Shares of United Airlines stock opened at $70.23 on Monday. The stock has a 50 day moving average of $93.52 and a 200 day moving average of $86.72. 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 firm has a market capitalization of $22.99 billion, a price-to-earnings ratio of 7.45, 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 released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the prior year, the business posted $2.00 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UAL. Bank of America cut their target price 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. JPMorgan Chase & Co. boosted their price objective on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. TD Cowen increased their target price on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. UBS Group lowered their price target on United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Finally, Raymond James reissued an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $112.75.

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.