United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 27.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,680 shares of the transportation company’s stock after selling 30,073 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in United Airlines were worth $3,877,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. BNP Paribas acquired a new stake in shares of United Airlines in the 1st quarter worth about $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of United Airlines in the first quarter valued at approximately $27,000. Crewe Advisors LLC bought a new stake in shares of United Airlines during the first quarter valued at approximately $32,000. GoalVest Advisory LLC acquired a new position in shares of United Airlines during the first quarter worth approximately $33,000. Finally, UMB Bank n.a. grew its holdings in United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after buying an additional 255 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Performance

UAL opened at $52.17 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07. The firm has a market cap of $17.15 billion, a PE ratio of 6.45, a P/E/G ratio of 1.08 and a beta of 1.43. The business has a fifty day simple moving average of $44.98 and a 200-day simple moving average of $47.55. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $56.17.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. The business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. United Airlines’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $5.03 EPS. As a group, equities analysts predict that United Airlines Holdings, Inc. will post 9.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UAL shares. Citigroup boosted their price target on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. TD Cowen increased their target price on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Jefferies Financial Group upgraded shares of United Airlines from a “hold” rating to a “buy” rating and boosted their price target for the stock from $54.00 to $65.00 in a research report on Wednesday, May 29th. Finally, Redburn Atlantic upgraded shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Thursday, June 6th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Airlines presently has an average rating of “Moderate Buy” and an average price target of $71.68.

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.