Larson Financial Group LLC sells 298 shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Larson Financial Group LLC reduced its position in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 19.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,231 shares of the transportation company’s stock after selling 298 shares during the period. Larson Financial Group LLC’s holdings in United Airlines were worth $60,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have added to or reduced their stakes in UAL. BNP Paribas acquired a new position in shares of United Airlines in the first quarter valued at about $25,000. Fidelis Capital Partners LLC purchased a new stake in United Airlines in the 1st quarter valued at $27,000. Crewe Advisors LLC bought a new position in shares of United Airlines in the first quarter valued at $32,000. GoalVest Advisory LLC acquired a new position in shares of United Airlines in the first quarter worth $33,000. Finally, UMB Bank boosted its holdings in shares of United Airlines by 59.7% in the second quarter. UMB Bank now owns 682 shares of the transportation company’s stock worth $33,000 after acquiring an additional 255 shares during the period. 69.69% of shares are owned by institutional investors.

Analyst upgrades and downgrades

Several research analysts have issued reports on the company. Redburn Atlantic raised United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research report on Thursday, June 6th. Jefferies Financial Group upgraded shares of United Airlines from a “hold” rating to a “buy” rating and upped their target price for the company from $54.00 to $65.00 in a research report on Wednesday , May 29. Citigroup upped their target price on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. HSBC initiated coverage on shares of United Airlines in a research report on Monday, May 13th. They set a “buy” rating and a $69.20 price objective for the company. Finally, TD Cowen upped their price target on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.68, based on data from MarketBeat.com.

Read our latest report on United Airlines

United Airlines stocks rose 2.0%

Shares of UAL stock opened at $46.01 on Monday. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $56.17. 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 company has a market cap of $15.13 billion, a PE ratio of 5.69, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. The company’s 50-day moving average is $44.28 and its 200-day moving average is $47.15.

United Airlines (NASDAQ:UAL – Get Free Report ) last issued its quarterly earnings data 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. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The firm had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.04 billion. In the same quarter last year, the company posted earnings of $5.03 per share. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts expect that United Airlines Holdings, Inc. to post 9.63 earnings per share for the current fiscal year.

United Airlines Company Profile

(Free report)

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 goods through its mainline and regional fleets. It also provides catering, ground handling, flight academy and third-party maintenance services.

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