Pacer Advisors Inc. Has $1.15 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Pacer Advisors Inc. reduced its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,607 shares of the transportation company’s stock after selling 1,868 shares during the period. Pacer Advisors Inc.’s holdings in United Airlines were worth $1,149,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. BNP Paribas acquired a new stake in shares of United Airlines during the first quarter worth $25,000. Fidelis Capital Partners LLC bought a new stake in United Airlines during the first quarter worth about $27,000. Crewe Advisors LLC acquired a new stake in shares of United Airlines during the 1st quarter worth approximately $32,000. 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 last quarter. Finally, GoalVest Advisory LLC acquired a new position in shares of United Airlines during the 1st quarter worth $33,000. 69.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UAL. Redburn Atlantic raised United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Thursday, June 6th. TD Cowen raised their price target 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. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, United Airlines presently has a consensus rating of “Moderate Buy” and an average price target of $71.87.

United Airlines Trading Down 1.5 %

NASDAQ UAL opened at $57.99 on Friday. The business’s 50-day moving average price is $45.67 and its two-hundred day moving average price is $47.82. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $19.07 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $60.23.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (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 analyst estimates of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. United Airlines’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.03 earnings per share. On average, analysts expect that United Airlines Holdings, Inc. will post 9.78 EPS for the current year.

United Airlines 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.