United Airlines Holdings, Inc. (NASDAQ:UAL) Sees Significant Growth in Short Interest

United Airlines Holdings, Inc. (NASDAQ:UAL) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 21,940,000 shares, a growth of 30.7% from the March 31st total of 16,790,000 shares. Based on an average daily volume of 10,380,000 shares, the days-to-cover ratio is currently 2.1 days.

Insider Transactions at United Airlines

In related news, EVP Kate Gebo sold 15,000 shares of United Airlines stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the transaction, the executive vice president now directly owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On United Airlines

Institutional investors have recently modified their holdings of the company. Smith Anglin Financial LLC grew its holdings in shares of United Airlines by 3.1% during the 1st quarter. Smith Anglin Financial LLC now owns 7,043 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 215 shares during the last quarter. Czech National Bank grew its stake in shares of United Airlines by 0.5% during the first quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock valued at $2,763,000 after buying an additional 271 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of United Airlines by 72.1% during the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after buying an additional 274 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of United Airlines by 1.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock worth $930,000 after buying an additional 287 shares during the period. Finally, 180 Wealth Advisors LLC lifted its stake in shares of United Airlines by 2.2% in the 1st quarter. 180 Wealth Advisors LLC now owns 13,847 shares of the transportation company’s stock valued at $663,000 after acquiring an additional 304 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UAL has been the subject of a number of recent analyst reports. Raymond James lifted their target price on United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Evercore ISI raised shares of United Airlines from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $58.00 to $65.00 in a research note on Friday, February 9th. Susquehanna increased their target price on shares of United Airlines from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, April 18th. UBS Group began coverage on shares of United Airlines in a research report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price target for the company. Finally, TD Cowen increased their price objective on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.53.

United Airlines Stock Down 1.3 %

UAL opened at $52.84 on Friday. The business’s fifty day simple moving average is $45.56 and its 200 day simple moving average is $41.93. United Airlines has a 52 week low of $33.68 and a 52 week high of $58.23. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The stock has a market cap of $17.37 billion, a PE ratio of 6.53, a P/E/G ratio of 0.52 and a beta of 1.55.

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.