Silvercrest Asset Management Group LLC Trims Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Silvercrest Asset Management Group LLC reduced its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 28.9% in the fourth quarter, Holdings Channel reports. The firm owned 12,759 shares of the transportation company’s stock after selling 5,176 shares during the period. Silvercrest Asset Management Group LLC’s holdings in United Airlines were worth $1,239,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Diversify Advisory Services LLC grew its position in shares of United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 101 shares in the last quarter. Wahed Invest LLC grew 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 purchasing an additional 108 shares in the last quarter. Metis Global Partners LLC grew its position in United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock worth $631,000 after acquiring an additional 129 shares in the last quarter. Hemington Wealth Management grew its position in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Finally, Bell Investment Advisors Inc grew its position in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a research report on Tuesday, April 22nd. Barclays cut their target price on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Cowen reiterated a “buy” rating on shares of United Airlines in a research report on Tuesday, April 22nd. Evercore ISI cut their target price on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Finally, UBS Group upgraded shares of United Airlines from a “neutral” rating to a “buy” rating and upped their target price for the stock from $67.00 to $105.00 in a research report on Monday. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $102.33.

United Airlines Stock Performance

United Airlines stock opened at $76.33 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. The company has a market capitalization of $24.93 billion, a PE ratio of 8.09, a P/E/G ratio of 0.67 and a beta of 1.39. The firm has a fifty day simple moving average of $70.81 and a two-hundred day simple moving average of $88.18. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.75 by $0.16. The firm had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. Research analysts expect that United Airlines Holdings, Inc. will post 12.96 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.