Generate Investment Management Ltd purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 156,019 shares of the transportation company's stock, valued at approximately $10,773,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wahed Invest LLC raised its position in United Airlines by 5.4% in the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock valued at $204,000 after purchasing an additional 108 shares during the last quarter. Metis Global Partners LLC raised its position in United Airlines by 2.0% in the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock valued at $631,000 after purchasing an additional 129 shares during the last quarter. Bell Investment Advisors Inc raised its position in United Airlines by 60.3% in the 4th 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. EverSource Wealth Advisors LLC raised its position in United Airlines by 3.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,702 shares of the transportation company's stock valued at $359,000 after purchasing an additional 135 shares during the last quarter. Finally, Modera Wealth Management LLC raised its position in United Airlines by 3.2% in the 4th quarter. Modera Wealth Management LLC now owns 4,442 shares of the transportation company's stock valued at $431,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.
United Airlines Price Performance
Shares of NASDAQ UAL traded up $1.63 on Friday, hitting $79.18. The company's stock had a trading volume of 6,491,980 shares, compared to its average volume of 7,670,846. The stock has a 50 day moving average of $75.99 and a 200-day moving average of $85.32. The company has a market capitalization of $25.86 billion, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 1.24 and a beta of 1.45. United Airlines Holdings Inc has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.72.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The firm 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 32.90% and a net margin of 6.34%. As a group, research analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.
Analyst Ratings Changes
Several analysts recently commented on the stock. TD Cowen upped their price target on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Raymond James Financial downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a research report on Tuesday, April 22nd. Evercore ISI cut 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 report on Friday, April 11th. Finally, Susquehanna cut their price objective on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $104.64.
Read Our Latest Report on UAL
United Airlines Profile
(
Free Report)
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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