Boothbay Fund Management LLC Purchases 57,549 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Boothbay Fund Management LLC boosted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 661.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,249 shares of the transportation company's stock after purchasing an additional 57,549 shares during the period. Boothbay Fund Management LLC's holdings in United Airlines were worth $6,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust acquired a new stake in shares of United Airlines in the 4th quarter valued at $25,000. Hemington Wealth Management boosted its stake in shares of United Airlines by 70.8% during 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 in the last quarter. Roxbury Financial LLC acquired a new stake in United Airlines in the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new stake in United Airlines during the fourth quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc grew its holdings in United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $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.

United Airlines Price Performance

NASDAQ:UAL traded up $5.89 on Friday, reaching $75.05. The stock had a trading volume of 5,587,213 shares, compared to its average volume of 7,501,670. The company has a market capitalization of $24.51 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The stock has a fifty day moving average price of $73.01 and a 200-day moving average price of $87.86. 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 Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00.

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

Wall Street Analysts Forecast Growth

UAL has been the subject of several recent analyst reports. Jefferies Financial Group decreased their price objective on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Susquehanna dropped their price objective on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Bank of America decreased their target price on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research report on Tuesday, April 22nd. Finally, Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $96.60.

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.