Amalgamated Bank Sells 5,860 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Amalgamated Bank cut its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 106,444 shares of the transportation company’s stock after selling 5,860 shares during the period. Amalgamated Bank’s holdings in United Airlines were worth $5,180,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in United Airlines during the fourth quarter worth approximately $41,114,000. Dynamic Technology Lab Private Ltd bought a new position in shares of United Airlines during the 4th quarter worth approximately $213,000. Coldstream Capital Management Inc. grew its position in shares of United Airlines by 19.3% during the 4th quarter. Coldstream Capital Management Inc. now owns 6,043 shares of the transportation company’s stock worth $249,000 after buying an additional 977 shares during the period. Quest Partners LLC bought a new stake in shares of United Airlines in the 4th quarter valued at $502,000. Finally, Aigen Investment Management LP lifted its position in shares of United Airlines by 49.9% during the 4th quarter. Aigen Investment Management LP now owns 9,111 shares of the transportation company’s stock valued at $376,000 after acquiring an additional 3,032 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of UAL opened at $52.17 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. The firm has a market cap of $17.15 billion, a PE ratio of 6.45, a PEG ratio of 1.08 and a beta of 1.43. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $56.17. The stock’s fifty day moving average price is $44.98 and its two-hundred day moving average price is $47.52.

United Airlines (NASDAQ:UAL) last posted its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The firm had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.04 billion. During the same quarter last year, the company earned $5.03 earnings per share. The company’s revenue was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 9.73 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on UAL shares. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and boosted their target price for the company from $54.00 to $65.00 in a research report on Wednesday, May 29th. Citigroup boosted their price objective on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. TD Cowen increased their target price on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Redburn Atlantic upgraded shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Thursday, June 6th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.