Short Interest in United Airlines Holdings, Inc. (NASDAQ:UAL) Expands By 30.7%

United Airlines Holdings, Inc. (NASDAQ:UAL) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 21,940,000 shares, a growth of 30.7% from the March 31st total of 16,790,000 shares. Based on an average trading volume of 10,380,000 shares, the short-interest ratio is currently 2.1 days.

Analyst Ratings Changes

UAL has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Raymond James upped their price target on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. UBS Group initiated coverage on shares of United Airlines in a report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 price target for the company. Finally, TD Cowen upped their price target on shares of United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.53.

Insider Transactions at United Airlines

In related news, EVP Kate Gebo sold 15,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the sale, the executive vice president now owns 57,512 shares of the company’s stock, valued at $2,925,060.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Hedge Funds Weigh In On United Airlines

A number of large investors have recently made changes to their positions in UAL. U S Global Investors Inc. increased its holdings in shares of United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after purchasing an additional 1,005,170 shares during the period. Norges Bank acquired a new position in shares of United Airlines in the 4th quarter valued at about $41,114,000. Invesco Ltd. increased its holdings in United Airlines by 23.5% in the third quarter. Invesco Ltd. now owns 4,649,616 shares of the transportation company’s stock worth $196,679,000 after buying an additional 885,199 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in United Airlines by 1,993.1% in the third quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock worth $36,456,000 after buying an additional 820,660 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in United Airlines by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock worth $170,974,000 after buying an additional 812,257 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Price Performance

UAL stock opened at $52.84 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. United Airlines has a one year low of $33.68 and a one year high of $58.23. The firm has a market capitalization of $17.37 billion, a PE ratio of 6.53, a P/E/G ratio of 0.53 and a beta of 1.55. The firm has a 50-day moving average of $45.56 and a two-hundred day moving average of $41.94.

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.