Federated Hermes Inc. Sells 676,787 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Federated Hermes Inc. lowered its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 98.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,185 shares of the transportation company’s stock after selling 676,787 shares during the quarter. Federated Hermes Inc.’s holdings in United Airlines were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in UAL. Venturi Wealth Management LLC raised its holdings in United Airlines by 72.1% during the 4th 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 period. New York Life Investment Management LLC lifted its holdings in shares of United Airlines by 0.7% in the 3rd quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock worth $1,943,000 after acquiring an additional 308 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of United Airlines by 11.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,736 shares of the transportation company’s stock worth $158,000 after purchasing an additional 372 shares during the period. Signaturefd LLC grew its holdings in United Airlines by 11.0% during the 3rd quarter. Signaturefd LLC now owns 3,947 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 392 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in United Airlines by 7.5% in the fourth quarter. Allworth Financial LP now owns 6,114 shares of the transportation company’s stock worth $252,000 after purchasing an additional 429 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the firm’s 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 owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of analyst reports. UBS Group assumed coverage on United Airlines in a research note on Wednesday, March 20th. They set a “neutral” rating and a $47.00 target price on the stock. Bank of America upped their target price on shares of United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Susquehanna raised their target price on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, April 18th. TD Cowen upped their price objective on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Finally, Redburn Atlantic lowered United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.53.

United Airlines Stock Down 0.1 %

NASDAQ:UAL opened at $51.65 on Friday. United Airlines Holdings, Inc. 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’s fifty day moving average is $46.32 and its two-hundred day moving average is $42.33. The stock has a market capitalization of $16.98 billion, a price-to-earnings ratio of 6.38, a price-to-earnings-growth ratio of 0.51 and a beta of 1.49.

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.