Appian Way Asset Management LP Sells 2,517 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Appian Way Asset Management LP lessened its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 236,552 shares of the transportation company’s stock after selling 2,517 shares during the quarter. United Airlines accounts for 2.9% of Appian Way Asset Management LP’s investment portfolio, making the stock its 11th largest position. Appian Way Asset Management LP owned approximately 0.07% of United Airlines worth $11,511,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Interval Partners LP bought a new stake in shares of United Airlines in the 1st quarter worth approximately $103,354,000. Dimensional Fund Advisors LP raised its stake in shares of United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after buying an additional 1,263,604 shares during the period. Norges Bank purchased a new position in shares of United Airlines during the 4th quarter valued at $41,114,000. Senator Investment Group LP purchased a new position in shares of United Airlines during the 1st quarter valued at $35,910,000. Finally, Canada Pension Plan Investment Board grew its stake in shares of United Airlines by 452.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 713,800 shares of the transportation company’s stock worth $34,177,000 after acquiring an additional 584,500 shares during the period. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

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

United Airlines Stock Up 0.4 %

UAL stock opened at $52.36 on Tuesday. The company’s 50 day moving average is $45.14 and its 200 day moving average is $47.63. The stock has a market cap of $17.22 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year 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 for the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $5.03 earnings per share. Sell-side analysts predict that United Airlines Holdings, Inc. will post 9.73 EPS 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.