Ethic Inc. Invests $348,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Ethic Inc. bought 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 (SEC). The institutional investor bought 3,583 shares of the transportation company's stock, valued at approximately $348,000.

Several other hedge funds have also recently added to or reduced their stakes in UAL. Brookstone Capital Management purchased a new stake in shares of United Airlines during the 4th quarter worth approximately $243,000. Oak Thistle LLC acquired a new stake in shares of United Airlines during the fourth quarter worth about $583,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of United Airlines in the 4th quarter valued at about $255,000. Park Avenue Securities LLC purchased a new position in United Airlines during the 4th quarter worth approximately $561,000. Finally, Gateway Investment Advisers LLC purchased a new stake in United Airlines in the fourth quarter valued at approximately $311,000. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Price Performance

NASDAQ UAL traded down $2.29 on Tuesday, reaching $76.33. The company's stock had a trading volume of 8,115,371 shares, compared to its average volume of 7,592,796. 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 firm's 50 day moving average is $70.68 and its two-hundred day moving average is $88.26. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The stock has a market cap of $24.93 billion, a PE ratio of 8.09, a PEG ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to analysts' expectations 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 predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on UAL. Cowen reiterated a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. UBS Group raised United Airlines from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $67.00 to $105.00 in a report on Monday. Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Susquehanna cut their price target on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a report on Thursday, April 17th. Finally, Evercore ISI reduced their price objective 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. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $102.33.

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.