Range Financial Group LLC Invests $278,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Range Financial Group LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,020 shares of the transportation company's stock, valued at approximately $278,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Citizens Bank & Trust Co. bought a new position in United Airlines during the 1st quarter valued at $4,871,000. Park Avenue Securities LLC raised its holdings in shares of United Airlines by 38.1% in the first quarter. Park Avenue Securities LLC now owns 7,986 shares of the transportation company's stock valued at $551,000 after purchasing an additional 2,205 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of United Airlines by 23.7% in the first quarter. UMB Bank n.a. now owns 1,108 shares of the transportation company's stock valued at $77,000 after purchasing an additional 212 shares during the last quarter. Wedmont Private Capital lifted its position in shares of United Airlines by 14.3% during the first quarter. Wedmont Private Capital now owns 5,206 shares of the transportation company's stock valued at $342,000 after purchasing an additional 653 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new position in United Airlines during the first quarter worth about $387,000. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Price Performance

Shares of UAL traded down $0.27 during midday trading on Tuesday, hitting $83.20. 4,792,593 shares of the company traded hands, compared to its average volume of 7,579,621. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The firm has a market cap of $27.17 billion, a P/E ratio of 8.82, a PEG ratio of 0.67 and a beta of 1.45. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a 50-day moving average of $72.26 and a 200-day moving average of $87.16.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Cowen reissued a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. Jefferies Financial Group dropped their price target on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. UBS Group upgraded United Airlines from a "neutral" rating to a "buy" rating and upped their price objective for the company from $67.00 to $105.00 in a research note on Monday, May 19th. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Finally, Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $104.64.

About United Airlines

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.