United Airlines Holdings Inc $UAL Position Cut by QRG Capital Management Inc.

QRG Capital Management Inc. lowered its position in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 72.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 80,199 shares of the transportation company’s stock after selling 215,588 shares during the period. QRG Capital Management Inc.’s holdings in United Airlines were worth $7,739,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Evergreen Capital Management LLC acquired a new position in United Airlines during the 3rd quarter valued at about $271,000. Ritholtz Wealth Management raised its holdings in shares of United Airlines by 42.5% during the third quarter. Ritholtz Wealth Management now owns 27,618 shares of the transportation company’s stock valued at $2,665,000 after buying an additional 8,234 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of United Airlines during the third quarter worth approximately $217,000. Conning Inc. bought a new position in United Airlines in the 3rd quarter worth approximately $200,000. Finally, Kera Capital Partners Inc. grew its holdings in United Airlines by 10.5% in the 3rd quarter. Kera Capital Partners Inc. now owns 3,344 shares of the transportation company’s stock worth $323,000 after buying an additional 318 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Trading Down 2.2%

United Airlines stock opened at $113.49 on Friday. The firm has a market cap of $36.74 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 0.80 and a beta of 1.31. United Airlines Holdings Inc has a 1 year low of $52.00 and a 1 year high of $119.21. The firm’s 50 day moving average price is $106.74 and its two-hundred day moving average price is $100.16. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.61 and a current ratio of 0.67.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Wednesday, October 15th. The transportation company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.13. The business had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a return on equity of 26.94% and a net margin of 5.64%.The company’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $3.33 EPS. On average, research analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Buying and Selling at United Airlines

In related news, CEO J Scott Kirby sold 120,000 shares of United Airlines stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $107.86, for a total value of $12,943,200.00. Following the transaction, the chief executive officer owned 666,535 shares of the company’s stock, valued at approximately $71,892,465.10. This trade represents a 15.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on UAL. Cowen reiterated a “buy” rating on shares of United Airlines in a research report on Wednesday, January 7th. TD Cowen boosted their price target on shares of United Airlines from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. UBS Group increased their price objective on shares of United Airlines from $142.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Susquehanna boosted their target price on United Airlines from $117.00 to $150.00 and gave the stock a “positive” rating in a report on Friday, January 9th. Finally, Barclays upped their target price on United Airlines from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $134.94.

About United Airlines

United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.

In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.