Sunbelt Securities Inc. Sells 1,039 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Sunbelt Securities Inc. reduced its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 37.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,721 shares of the transportation company’s stock after selling 1,039 shares during the period. Sunbelt Securities Inc.’s holdings in United Airlines were worth $82,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new position in shares of United Airlines during the fourth quarter valued at about $27,000. Venturi Wealth Management LLC grew its position in United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after purchasing an additional 274 shares during the last quarter. Mather Group LLC. acquired a new position in United Airlines during the 1st quarter valued at approximately $44,000. Baystate Wealth Management LLC lifted its stake in shares of United Airlines by 5,820.0% during the fourth quarter. Baystate Wealth Management LLC now owns 1,184 shares of the transportation company’s stock worth $49,000 after buying an additional 1,164 shares during the period. Finally, Center for Financial Planning Inc. grew its holdings in shares of United Airlines by 1,210.0% during the fourth quarter. Center for Financial Planning Inc. now owns 1,310 shares of the transportation company’s stock valued at $54,000 after buying an additional 1,210 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the sale, the executive vice president now owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.

United Airlines Stock Up 1.0 %

UAL opened at $48.66 on Friday. The stock has a market capitalization of $16.00 billion, a P/E ratio of 6.01, a price-to-earnings-growth ratio of 0.48 and a beta of 1.47. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. United Airlines Holdings, Inc. has a one year low of $33.68 and a one year high of $58.23. The business’s 50-day simple moving average is $52.00 and its 200-day simple moving average is $46.20.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.38. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The business had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.43 billion. Analysts anticipate that United Airlines Holdings, Inc. will post 9.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UAL. Wolfe Research upgraded United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective for the company in a research note on Friday, May 17th. UBS Group started coverage on shares of United Airlines in a research note on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price objective for the company. Citigroup increased their price objective on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Morgan Stanley boosted their target price on shares of United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, HSBC assumed coverage on United Airlines in a research report on Monday, May 13th. They set a “buy” rating and a $69.20 price target on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.89.

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.