Amalgamated Bank Has $5.18 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Amalgamated Bank decreased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 106,444 shares of the transportation company’s stock after selling 5,860 shares during the period. Amalgamated Bank’s holdings in United Airlines were worth $5,180,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of UAL. Interval Partners LP acquired a new position in shares of United Airlines during the 1st quarter worth approximately $103,354,000. Dimensional Fund Advisors LP grew 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 in the last quarter. Norges Bank acquired a new position in United Airlines during the fourth quarter worth $41,114,000. Senator Investment Group LP bought a new stake in United Airlines during the first quarter worth $35,910,000. Finally, Canada Pension Plan Investment Board lifted its stake in United Airlines by 452.0% in the first quarter. Canada Pension Plan Investment Board now owns 713,800 shares of the transportation company’s stock valued at $34,177,000 after acquiring an additional 584,500 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Down 0.8 %

Shares of NASDAQ UAL opened at $52.17 on Friday. The stock has a 50-day moving average price of $44.98 and a two-hundred day moving average price of $47.52. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month 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 company has a market cap of $17.15 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 1.08 and a beta of 1.43.

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

Wall Street Analyst Weigh In

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

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.