United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Position Reduced by Newport Trust Company LLC

Newport Trust Company LLC trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,664,493 shares of the transportation company’s stock after selling 46,502 shares during the quarter. United Airlines makes up approximately 0.4% of Newport Trust Company LLC’s holdings, making the stock its 26th largest position. Newport Trust Company LLC owned 1.11% of United Airlines worth $178,314,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in UAL. Price T Rowe Associates Inc. MD lifted its holdings in United Airlines by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock worth $55,634,000 after acquiring an additional 64,542 shares during the last quarter. Bessemer Group Inc. grew its stake in United Airlines by 47.4% during the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock worth $261,000 after buying an additional 1,759 shares during the last quarter. Tidal Investments LLC increased its position in United Airlines by 16.4% in the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after buying an additional 2,456 shares during the period. Jade Capital Advisors LLC bought a new stake in United Airlines in the fourth quarter valued at $7,145,000. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of United Airlines by 1.0% during the first quarter. Texas Permanent School Fund Corp now owns 67,719 shares of the transportation company’s stock valued at $3,242,000 after acquiring an additional 669 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

United Airlines Price Performance

Shares of United Airlines stock opened at $52.59 on Friday. United Airlines Holdings, Inc. has a 52 week low of $33.68 and a 52 week high of $56.17. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. The stock has a market cap of $17.29 billion, a PE ratio of 6.50, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43. The company’s 50-day moving average price is $44.83 and its two-hundred day moving average price is $47.46.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, topping 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 net margin of 5.28% and a return on equity of 33.90%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.03 EPS. As a group, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 9.73 EPS for the current fiscal year.

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.