Suvretta Capital Management LLC Makes New $19.48 Million Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Suvretta Capital Management LLC acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 200,650 shares of the transportation company's stock, valued at approximately $19,483,000. Suvretta Capital Management LLC owned approximately 0.06% of United Airlines as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UAL. Bank of Jackson Hole Trust acquired a new position in shares of United Airlines during the 4th quarter worth about $25,000. Hemington Wealth Management increased its position in United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after buying an additional 131 shares during the period. Roxbury Financial LLC acquired a new position in shares of United Airlines during the fourth quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new stake in shares of United Airlines in the fourth quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc grew its stake in shares of United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after acquiring an additional 135 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on UAL shares. Raymond James cut shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Evercore ISI reduced their target price on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Barclays lowered their price target on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Bank of America cut their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $102.33.

United Airlines Price Performance

United Airlines stock traded down $2.29 during mid-day trading on Tuesday, hitting $76.33. 8,115,371 shares of the company were exchanged, compared to its average volume of 7,601,108. The company has a market capitalization of $24.93 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. The business has a fifty day moving average of $70.68 and a 200 day moving average of $88.26. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The business 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%. As a group, sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

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.