Bayberry Capital Partners LP Takes $20.39 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Bayberry Capital Partners LP acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 210,000 shares of the transportation company's stock, valued at approximately $20,391,000. United Airlines comprises 7.8% of Bayberry Capital Partners LP's portfolio, making the stock its 3rd biggest position. Bayberry Capital Partners LP owned 0.06% of United Airlines at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Bank of Jackson Hole Trust bought a new position in shares of United Airlines in the fourth quarter worth approximately $25,000. Hemington Wealth Management grew its holdings 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 acquiring an additional 131 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of United Airlines in the fourth quarter valued at about $32,000. Whipplewood Advisors LLC purchased a new stake in shares of United Airlines during the fourth quarter worth about $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 purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Susquehanna reduced their price objective on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a research note on Tuesday, April 22nd. Jefferies Financial Group cut their price objective on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Cowen reissued a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. Finally, Bank of America reduced their price target on 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 equities 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $96.60.

United Airlines Stock Down 1.8 %

Shares of NASDAQ:UAL traded down $1.34 during trading on Tuesday, reaching $73.52. 4,287,873 shares of the stock traded hands, compared to its average volume of 7,503,509. The stock 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 stock has a 50-day moving average of $71.74 and a two-hundred day moving average of $88.05. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.75 by $0.16. The business had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share 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.