Mutual of America Capital Management LLC Trims Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Mutual of America Capital Management LLC trimmed its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,141 shares of the transportation company’s stock after selling 2,009 shares during the quarter. Mutual of America Capital Management LLC’s holdings in United Airlines were worth $1,821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. NBC Securities Inc. acquired a new stake in United Airlines during the third quarter valued at $25,000. Loomis Sayles & Co. L P grew its position in shares of United Airlines by 707.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 545 shares during the period. Venturi Wealth Management LLC increased its stake in shares of United Airlines by 72.1% in the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 274 shares in the last quarter. Clear Street Markets LLC raised its holdings in United Airlines by 101.8% in the 1st quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock worth $28,000 after purchasing an additional 36,811 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new position in United Airlines in the 4th quarter worth about $45,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UAL. UBS Group initiated coverage on United Airlines in a research report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 target price on the stock. Bank of America lifted their price objective on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a research report on Thursday. Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. Finally, TD Cowen lifted their target price on shares of United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and a consensus price target of $66.53.

United Airlines Stock Performance

United Airlines stock opened at $51.38 on Monday. The firm has a 50 day simple moving average of $44.47 and a 200-day simple moving average of $41.50. The stock has a market cap of $16.89 billion, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 0.52 and a beta of 1.55. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.76. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $58.23.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The company had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. During the same period in the prior year, the business posted $2.46 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, analysts expect that United Airlines Holdings, Inc. will post 9.78 EPS for the current year.

United Airlines 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.