Alteri Wealth LLC Buys Shares of 17,596 United Airlines Holdings, Inc. (NASDAQ:UAL)

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

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bank of Jackson Hole Trust bought a new stake in shares of United Airlines during the 4th quarter valued at $25,000. Hemington Wealth Management boosted its holdings in shares of United Airlines by 70.8% in the 4th 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. Roxbury Financial LLC bought a new stake in shares of United Airlines during the 4th quarter worth $32,000. Whipplewood Advisors LLC acquired a new stake in United Airlines in the fourth quarter valued at about $32,000. 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 valued at $35,000 after acquiring an additional 135 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UAL shares. Evercore ISI reduced their price target on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Raymond James downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Morgan Stanley boosted their price objective on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Jefferies Financial Group reduced their price target on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, United Airlines currently has an average rating of "Buy" and an average price target of $96.60.

United Airlines Trading Down 1.8 %

Shares of NASDAQ UAL traded down $1.34 during mid-day trading on Tuesday, hitting $73.52. The stock had a trading volume of 4,287,873 shares, compared to its average volume of 7,503,503. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The firm has a market cap of $24.01 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The business has a 50 day moving average price of $72.11 and a two-hundred day moving average price of $88.15.

United Airlines (NASDAQ:UAL - Get Free Report) last announced 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. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. On average, equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal 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.