17,596 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Acquired by Alteri Wealth LLC

Alteri Wealth LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 17,596 shares of the transportation company's stock, valued at approximately $1,709,000. United Airlines accounts for 0.5% of Alteri Wealth LLC's portfolio, making the stock its 25th biggest holding.

Other institutional investors also recently made changes to their positions in the company. Moody National Bank Trust Division grew its stake in shares of United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock worth $470,000 after acquiring an additional 98 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of United Airlines by 2.2% in the fourth 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 stake in shares of United Airlines by 5.4% in the fourth quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock valued at $204,000 after buying an additional 108 shares in the last quarter. Metis Global Partners LLC grew its position in shares of United Airlines by 2.0% in the fourth 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 last quarter. Finally, Hemington Wealth Management raised its position in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on UAL. Barclays decreased their price objective on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research report on Tuesday, April 22nd. Morgan Stanley boosted their price target on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Cowen reiterated a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. Finally, Bank of America cut their price target on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $96.60.

United Airlines Price Performance

NASDAQ UAL traded up $4.68 on Thursday, hitting $80.03. 5,627,009 shares of the company were exchanged, compared to its average volume of 7,498,679. The firm has a 50 day moving average of $71.37 and a two-hundred day moving average of $87.96. The company has a market cap of $26.14 billion, a P/E ratio of 8.49, a P/E/G ratio of 0.67 and a beta of 1.39. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

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

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.