Centiva Capital LP Buys New Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Centiva Capital LP purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 25,378 shares of the transportation company's stock, valued at approximately $2,464,000.

A number of other institutional investors also recently made changes to their positions in UAL. Wilmington Savings Fund Society FSB acquired a new position in United Airlines during the third quarter worth about $129,000. Franklin Resources Inc. grew its stake in shares of United Airlines by 214.7% in the 3rd quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company's stock worth $11,558,000 after purchasing an additional 138,191 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of United Airlines by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company's stock worth $21,581,000 after purchasing an additional 11,601 shares in the last quarter. Fulton Bank N.A. acquired a new stake in United Airlines during the fourth quarter valued at approximately $450,000. Finally, First Hawaiian Bank bought a new stake in United Airlines during the fourth quarter worth approximately $367,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on UAL. JPMorgan Chase & Co. increased their price objective on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Evercore ISI decreased their price target on United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Bank of America cut their price objective on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. TD Cowen raised their target price on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Finally, Susquehanna cut 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. Two investment 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 stock. According to data from MarketBeat.com, United Airlines presently has a consensus rating of "Buy" and a consensus target price of $96.60.

United Airlines Stock Down 1.8 %

Shares of United Airlines stock opened at $73.52 on Wednesday. The stock has a 50-day simple moving average of $71.74 and a 200-day simple 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. The firm has a market cap of $24.01 billion, a price-to-earnings ratio of 7.80, a P/E/G ratio of 0.67 and a beta of 1.39. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, equities research analysts expect 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.

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