United Airlines (NASDAQ:UAL) Trading Down 3.1% – Here’s Why

Shares of United Airlines Holdings, Inc. (NASDAQ:UAL) traded down 3.1% on Tuesday . The company traded as low as $76.31 and last traded at $76.16. 2,358,969 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 7,571,498 shares. The stock had previously closed at $78.62.

Wall Street Analyst Weigh In

UAL has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Cowen restated a “buy” rating on shares of United Airlines in a research note on Tuesday, April 22nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a research report on Tuesday, May 13th. Evercore ISI lowered their price target on United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, April 11th. Finally, Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $102.33.

United Airlines Stock Down 3.7%

The firm has a market capitalization of $24.73 billion, a P/E ratio of 8.08, a P/E/G ratio of 0.67 and a beta of 1.39. The company has a 50 day simple moving average of $70.68 and a two-hundred day simple moving average of $88.26. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. On average, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Institutional Investors Weigh In On United Airlines

Several large investors have recently modified their holdings of UAL. Pacer Advisors Inc. increased its holdings in shares of United Airlines by 10,777.6% during the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company’s stock valued at $349,953,000 after acquiring an additional 5,021,511 shares in the last quarter. Sanders Capital LLC increased its stake in shares of United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock worth $1,344,671,000 after acquiring an additional 4,390,721 shares during the last quarter. Boston Partners purchased a new position in United Airlines in the fourth quarter worth approximately $323,508,000. FMR LLC boosted its position in shares of United Airlines by 70.9% during the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company’s stock worth $705,798,000 after purchasing an additional 3,015,979 shares during the period. Finally, Senator Investment Group LP boosted its holdings in United Airlines by 214.8% in the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company’s stock valued at $316,648,000 after purchasing an additional 2,225,000 shares during the period. Institutional investors own 69.69% of the company’s stock.

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.