Xponance Inc. Has $4.80 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Xponance Inc. cut its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,389 shares of the transportation company’s stock after selling 1,417 shares during the quarter. Xponance Inc.’s holdings in United Airlines were worth $4,796,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in United Airlines during the fourth quarter valued at approximately $137,000. State Street Corp boosted its holdings in United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after purchasing an additional 78,470 shares in the last quarter. Longbow Finance SA acquired a new stake in United Airlines during the fourth quarter valued at approximately $9,359,000. Charles Schwab Investment Management Inc. boosted its holdings in United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares in the last quarter. Finally, MidWestOne Financial Group Inc. boosted its holdings in shares of United Airlines by 28.0% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock worth $3,064,000 after acquiring an additional 11,743 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on UAL shares. Raymond James reissued an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Melius Research raised United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Barclays set a $140.00 target price on United Airlines and gave the stock an “overweight” rating in a report on Wednesday, March 12th. Bank of America reduced their target price on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Finally, Susquehanna reissued a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, United Airlines currently has a consensus rating of “Buy” and a consensus target price of $114.95.

United Airlines Stock Performance

Shares of United Airlines stock opened at $74.43 on Thursday. The firm has a fifty day moving average of $97.76 and a two-hundred day moving average of $84.98. The stock has a market capitalization of $24.36 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the company posted $2.00 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.