Principal Securities Inc. Decreases Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Principal Securities Inc. decreased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,609 shares of the transportation company’s stock after selling 699 shares during the quarter. Principal Securities Inc.’s holdings in United Airlines were worth $739,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Hemington Wealth Management grew its stake in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of United Airlines in the 4th quarter worth $32,000. Winch Advisory Services LLC purchased a new position in shares of United Airlines in the 4th quarter worth $38,000. Global Trust Asset Management LLC purchased a new position in shares of United Airlines in the 3rd quarter worth $29,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of United Airlines by 25.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock worth $69,000 after buying an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

UAL opened at $102.49 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a fifty day moving average price of $102.79 and a 200 day moving average price of $78.86. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The stock has a market cap of $33.71 billion, a P/E ratio of 10.87, a P/E/G ratio of 0.68 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the previous year, the business posted $2.00 EPS. The business’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UAL shares. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Barclays lifted their price target on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Susquehanna lifted their price objective on shares of United Airlines from $120.00 to $130.00 and gave the company a “positive” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley lifted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, United Airlines has a consensus rating of “Buy” and an average price target of $113.88.

United Airlines Company 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.