CWA Asset Management Group LLC bought a new position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,333 shares of the transportation company's stock, valued at approximately $1,059,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UAL. Wahed Invest LLC raised its holdings in shares of United Airlines by 5.4% during the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock worth $204,000 after acquiring an additional 108 shares in the last quarter. Metis Global Partners LLC raised its stake in United Airlines by 2.0% during the fourth 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 in the last quarter. Bell Investment Advisors Inc raised its stake in United Airlines by 60.3% during the fourth 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position in United Airlines by 3.8% during the fourth 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 grew its stake in shares of United Airlines by 3.2% in the 4th quarter. Modera Wealth Management LLC now owns 4,442 shares of the transportation company's stock worth $431,000 after buying an additional 137 shares in the last quarter. 69.69% of the stock is owned by institutional investors.
United Airlines Trading Up 0.9%
NASDAQ UAL opened at $74.30 on Friday. The stock has a market cap of $24.27 billion, a PE ratio of 6.77, a PEG ratio of 1.19 and a beta of 1.45. The company's 50-day moving average price is $74.67 and its 200-day moving average price is $86.19. United Airlines Holdings Inc has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.93.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The business had revenue of $13.21 billion during 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%. Equities research analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts recently commented on UAL shares. Bank of America lowered their price target on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. TD Cowen boosted their target price on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Susquehanna decreased their price target on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Finally, Raymond James Financial lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. One investment 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. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $104.64.
Get Our Latest Stock Analysis on UAL
United Airlines Company 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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