Bridgefront Capital LLC Makes New $355,000 Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Bridgefront Capital LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,659 shares of the transportation company's stock, valued at approximately $355,000.

Several other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors boosted its position in United Airlines by 15.0% during the fourth quarter. Captrust Financial Advisors now owns 18,519 shares of the transportation company's stock worth $1,798,000 after purchasing an additional 2,415 shares during the period. Caxton Associates LP bought a new stake in United Airlines during the 4th quarter valued at $14,289,000. Bayberry Capital Partners LP purchased a new stake in shares of United Airlines during the fourth quarter worth $20,391,000. Beck Bode LLC bought a new position in shares of United Airlines in the fourth quarter worth $15,751,000. Finally, Alteri Wealth LLC purchased a new position in shares of United Airlines in the fourth quarter valued at $1,709,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analysts Set New Price Targets

UAL has been the subject of several analyst reports. Cantor Fitzgerald set a $88.00 target price on United Airlines in a research note on Tuesday, April 22nd. UBS Group upped their target price on shares of United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Bank of America lowered their target price 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. Susquehanna decreased their price target on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Finally, Evercore ISI dropped their price objective on United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $96.60.

United Airlines Trading Down 2.7 %

Shares of NASDAQ:UAL traded down $2.14 on Friday, hitting $77.27. The company had a trading volume of 9,055,754 shares, compared to its average volume of 7,541,331. The firm's 50-day simple moving average is $70.94 and its two-hundred day simple moving average is $88.02. The firm has a market capitalization of $25.24 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 0.67 and a beta of 1.39. 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 issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. Equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal 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.