Ewing Morris & Co. Investment Partners Ltd. Makes New Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Ewing Morris & Co. Investment Partners Ltd. acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,875 shares of the transportation company's stock, valued at approximately $959,000.

Several other institutional investors have also modified their holdings of UAL. Bank of Jackson Hole Trust purchased a new stake in shares of United Airlines during the fourth quarter valued at $25,000. Hemington Wealth Management lifted its holdings in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of United Airlines during the fourth quarter valued at $32,000. Whipplewood Advisors LLC purchased a new stake in shares of United Airlines during the fourth quarter valued at $32,000. Finally, Bell Investment Advisors Inc lifted its stake in United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on UAL. Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Evercore ISI reduced 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. Barclays reduced their price objective on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. TD Cowen increased their price objective on United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Finally, Morgan Stanley increased their price objective on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $96.60.

United Airlines Stock Down 2.7%

Shares of NASDAQ UAL traded down $2.14 during mid-day trading on Friday, reaching $77.27. 9,055,754 shares of the company traded hands, compared to its average volume of 7,557,424. 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 market cap of $25.24 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. The company's fifty day moving average is $70.94 and its two-hundred day moving average is $88.22. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

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