Ameriprise Financial Inc. Has $200.27 Million Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Ameriprise Financial Inc. lowered its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,062,522 shares of the transportation company’s stock after selling 61,486 shares during the quarter. Ameriprise Financial Inc.’s holdings in United Airlines were worth $200,273,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of UAL. Moody National Bank Trust Division grew its position in shares of United Airlines by 2.1% during the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after buying an additional 98 shares during the period. Diversify Advisory Services LLC grew its holdings in United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock worth $508,000 after acquiring an additional 101 shares during the period. Wahed Invest LLC raised its position in shares of United Airlines by 5.4% during the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company’s stock valued at $204,000 after acquiring an additional 108 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of United Airlines by 2.0% in the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after purchasing an additional 129 shares during the period. Finally, Hemington Wealth Management boosted its position in shares of United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UAL shares. Evercore ISI decreased their target price on United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. TD Cowen upped their target price on shares of United Airlines from $73.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a research report on Tuesday, April 22nd. Finally, Susquehanna reduced their target price on United Airlines from $90.00 to $81.00 and set a “positive” rating on the stock in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $96.60.

United Airlines Price Performance

NASDAQ:UAL opened at $73.52 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The stock’s 50 day moving average price is $71.74 and its two-hundred day moving average price is $88.05. The firm has a market capitalization of $24.01 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 0.67 and a beta of 1.39.

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

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.