Canada Pension Plan Investment Board Trims Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Canada Pension Plan Investment Board decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 48.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,700 shares of the transportation company’s stock after selling 16,800 shares during the quarter. Canada Pension Plan Investment Board’s holdings in United Airlines were worth $971,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Solstein Capital LLC purchased a new stake in United Airlines in the 2nd quarter valued at $27,000. Nemes Rush Group LLC purchased a new position in United Airlines during the 2nd quarter worth $27,000. Carmichael Hill & Associates Inc. purchased a new position in United Airlines during the 2nd quarter worth $27,000. Newbridge Financial Services Group Inc. raised its position in United Airlines by 58.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 595 shares of the transportation company’s stock worth $33,000 after buying an additional 220 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in United Airlines during the 2nd quarter worth $33,000. Hedge funds and other institutional investors own 70.37% of the company’s stock.

Insider Transactions at United Airlines

In related news, Director James A. C. Kennedy acquired 4,500 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average cost of $36.43 per share, for a total transaction of $163,935.00. Following the acquisition, the director now directly owns 27,863 shares in the company, valued at approximately $1,015,049.09. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

United Airlines Price Performance

United Airlines stock opened at $40.02 on Tuesday. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $58.23. The stock has a market capitalization of $13.13 billion, a P/E ratio of 4.64, a P/E/G ratio of 0.09 and a beta of 1.49. The firm’s 50-day moving average is $39.74 and its two-hundred day moving average is $47.64. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.89 and a quick ratio of 0.82.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Wednesday, October 18th. The transportation company reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.27. United Airlines had a net margin of 5.45% and a return on equity of 46.26%. The company had revenue of $14.50 billion for the quarter, compared to analysts’ expectations of $14.43 billion. During the same period last year, the company earned $2.81 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities analysts predict that United Airlines Holdings, Inc. will post 9.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on UAL shares. Morgan Stanley cut their price objective on shares of United Airlines from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Monday, October 2nd. Susquehanna cut their price objective on shares of United Airlines from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, October 19th. TheStreet downgraded shares of United Airlines from a “b-” rating to a “c+” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. upped their price target on shares of United Airlines from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 19th. Finally, Citigroup lowered their price target on shares of United Airlines from $76.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and an average target price of $64.87.

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, training, and maintenance services for third parties.