JCIC Asset Management Inc. Cuts Stake in United Airlines Holdings Inc (NASDAQ:UAL)

JCIC Asset Management Inc. lowered its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 10.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,692 shares of the transportation company’s stock after selling 193 shares during the quarter. JCIC Asset Management Inc.’s holdings in United Airlines were worth $117,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Proficio Capital Partners LLC bought a new position in United Airlines during the fourth quarter valued at approximately $137,000. Longbow Finance SA bought a new position in United Airlines during the fourth quarter valued at approximately $9,359,000. GAMMA Investing LLC boosted its stake in United Airlines by 7,225.9% during the first quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company’s stock valued at $24,898,000 after buying an additional 355,657 shares during the last quarter. Czech National Bank boosted its stake in United Airlines by 5.9% during the first quarter. Czech National Bank now owns 75,537 shares of the transportation company’s stock valued at $5,216,000 after buying an additional 4,230 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in United Airlines by 132.9% during the first quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company’s stock valued at $518,000 after buying an additional 4,281 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of UAL stock opened at $79.02 on Wednesday. The stock has a 50 day moving average price of $75.31 and a 200 day moving average price of $85.63. The firm has a market capitalization of $25.81 billion, a P/E ratio of 7.20, a P/E/G ratio of 1.23 and a beta of 1.45. United Airlines Holdings Inc has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.72 and a current ratio of 0.78.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16. The business had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. As a group, sell-side analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UAL shares. Evercore ISI lowered their price objective on United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of United Airlines in a research note on Tuesday, May 13th. Barclays lowered their price objective on United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Raymond James Financial lowered United Airlines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Finally, Bank of America lowered their price objective on United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $104.64.

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.