MCF Advisors LLC Has $29,000 Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

MCF Advisors LLC cut its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 93.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 600 shares of the transportation company’s stock after selling 8,446 shares during the quarter. MCF Advisors LLC’s holdings in United Airlines were worth $29,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UAL. LPL Financial LLC boosted its holdings in United Airlines by 3.2% during the third quarter. LPL Financial LLC now owns 165,821 shares of the transportation company’s stock worth $7,014,000 after purchasing an additional 5,211 shares during the last quarter. Mariner LLC boosted its stake in United Airlines by 17.6% in the third quarter. Mariner LLC now owns 23,258 shares of the transportation company’s stock valued at $984,000 after acquiring an additional 3,487 shares during the last quarter. Stifel Financial Corp boosted its stake in United Airlines by 2.7% in the third quarter. Stifel Financial Corp now owns 76,414 shares of the transportation company’s stock valued at $3,232,000 after acquiring an additional 1,985 shares during the last quarter. Algert Global LLC boosted its stake in United Airlines by 31.3% in the third quarter. Algert Global LLC now owns 6,816 shares of the transportation company’s stock valued at $288,000 after acquiring an additional 1,624 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its stake in United Airlines by 9.8% in the third quarter. Natixis Advisors L.P. now owns 73,674 shares of the transportation company’s stock valued at $3,116,000 after acquiring an additional 6,548 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Kate Gebo sold 15,000 shares of the company’s stock in a transaction 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 sale, 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 available through the SEC website. Corporate insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on UAL shares. Bank of America boosted their target price on shares of United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Citigroup boosted their price target on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Raymond James boosted their price target on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and boosted their price target for the company from $54.00 to $65.00 in a research report on Wednesday, May 29th. Finally, Wolfe Research raised shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Friday, May 17th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $70.89.

United Airlines Price Performance

United Airlines stock traded up $0.46 during midday trading on Friday, reaching $48.66. 5,293,882 shares of the stock were exchanged, compared to its average volume of 6,430,475. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. United Airlines Holdings, Inc. has a 52 week low of $33.68 and a 52 week high of $58.23. The firm has a market cap of $16.00 billion, a PE ratio of 6.01, a PEG ratio of 0.48 and a beta of 1.47. The company’s fifty day moving average is $52.00 and its 200-day moving average is $46.16.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.38. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The business had revenue of $12.54 billion during the quarter, compared to analysts’ expectations of $12.43 billion. On average, sell-side analysts forecast that United Airlines Holdings, Inc. will post 9.93 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.