tru Independence LLC Sells 2,525 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

tru Independence LLC cut its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,705 shares of the transportation company’s stock after selling 2,525 shares during the quarter. United Airlines accounts for about 1.7% of tru Independence LLC’s holdings, making the stock its 24th biggest holding. tru Independence LLC’s holdings in United Airlines were worth $5,630,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UAL. Capital International Investors grew its stake in shares of United Airlines by 2.4% in the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock worth $885,912,000 after purchasing an additional 429,501 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of United Airlines by 24.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock worth $170,974,000 after purchasing an additional 812,257 shares in the last quarter. Par Capital Management Inc. grew its stake in shares of United Airlines by 7.2% in the 4th quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock valued at $91,737,000 after buying an additional 150,000 shares during the period. Interval Partners LP bought a new stake in United Airlines in the 1st quarter valued at about $103,354,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of United Airlines by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,725,062 shares of the transportation company’s stock valued at $71,176,000 after acquiring an additional 26,488 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Up 2.0 %

UAL opened at $46.01 on Friday. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $56.17. The company’s 50-day moving average price is $44.28 and its two-hundred day moving average price is $47.13. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 0.71 and a beta of 1.43. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating the consensus estimate of $3.97 by $0.17. The business had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. United Airlines’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $5.03 earnings per share. As a group, equities analysts expect that United Airlines Holdings, Inc. will post 9.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on UAL shares. TD Cowen raised their price objective on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. 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. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $54.00 to $65.00 in a report on Wednesday, May 29th. HSBC assumed coverage on United Airlines in a report on Monday, May 13th. They issued a “buy” rating and a $69.20 target price on the stock. Finally, Citigroup increased their price target on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, United Airlines presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.68.

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.