Privium Fund Management UK Ltd Reduces Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Privium Fund Management UK Ltd reduced its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 39.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,386 shares of the transportation company’s stock after selling 6,021 shares during the quarter. United Airlines comprises 0.7% of Privium Fund Management UK Ltd’s portfolio, making the stock its 8th largest holding. Privium Fund Management UK Ltd’s holdings in United Airlines were worth $910,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Boston Partners acquired a new stake in United Airlines during the fourth quarter valued at approximately $323,508,000. Castle Hook Partners LP lifted its position in shares of United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after acquiring an additional 2,707,442 shares during the last quarter. Rubric Capital Management LP bought a new stake in shares of United Airlines during the 3rd quarter worth $63,486,000. Sanders Capital LLC grew its holdings in shares of United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after acquiring an additional 1,040,589 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Barclays set a $140.00 price target on shares of United Airlines and gave the company an “overweight” rating in a report on Wednesday, March 12th. Morgan Stanley lifted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Susquehanna restated a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Airlines currently has a consensus rating of “Buy” and a consensus target price of $114.95.

United Airlines Trading Down 3.5 %

Shares of NASDAQ UAL opened at $71.34 on Wednesday. The business has a 50 day simple moving average of $98.35 and a 200 day simple moving average of $85.06. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The stock has a market cap of $23.35 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.67 and a beta of 1.41. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 earnings per share. On average, research analysts predict 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.