Empirical Finance LLC Sells 482 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Empirical Finance LLC lessened its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,866 shares of the transportation company’s stock after selling 482 shares during the period. Empirical Finance LLC’s holdings in United Airlines were worth $1,064,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. BNP Paribas bought a new stake in United Airlines in the 1st quarter valued at $25,000. Fidelis Capital Partners LLC acquired a new stake in shares of United Airlines during the 1st quarter valued at about $27,000. Crewe Advisors LLC bought a new stake in United Airlines in the first quarter valued at about $32,000. GoalVest Advisory LLC acquired a new position in United Airlines in the first quarter worth about $33,000. Finally, UMB Bank n.a. lifted its stake in United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after purchasing an additional 255 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and upped their price objective for the company from $54.00 to $65.00 in a research note on Wednesday, May 29th. Citigroup lifted 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. Redburn Atlantic raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Thursday, June 6th. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research report on Friday, May 17th. Finally, TD Cowen boosted their price target on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Stock Performance

UAL stock opened at $44.04 on Friday. The company has a 50 day moving average price of $44.67 and a 200 day moving average price of $47.02. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $56.17. 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 stock has a market capitalization of $14.48 billion, a PE ratio of 5.44, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. The company had revenue of $14.99 billion during 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%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.03 earnings per share. Analysts forecast that United Airlines Holdings, Inc. will post 9.63 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.