Exchange Traded Concepts LLC increased its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 132.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,503 shares of the transportation company's stock after purchasing an additional 4,281 shares during the quarter. Exchange Traded Concepts LLC's holdings in United Airlines were worth $518,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new position in United Airlines during the 4th quarter worth approximately $31,000. Whipplewood Advisors LLC acquired a new position in United Airlines in the 4th quarter valued at approximately $32,000. Bell Investment Advisors Inc increased 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 acquiring an additional 135 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in United Airlines in the 4th quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. acquired a new position in United Airlines in the 4th quarter valued at approximately $58,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
UAL has been the subject of several recent research reports. Susquehanna decreased their price target 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. Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Jefferies Financial Group decreased their price target on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Wall Street Zen cut shares of United Airlines from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Finally, Bank of America decreased their price target on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, United Airlines has a consensus rating of "Buy" and an average price target of $104.64.
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United Airlines Stock Down 0.0%
Shares of NASDAQ UAL opened at $74.27 on Friday. The firm has a market cap of $24.26 billion, a PE ratio of 6.77, a P/E/G ratio of 1.19 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's fifty day simple moving average is $74.84 and its 200 day simple moving average is $85.95. The company has a quick ratio of 0.72, a current ratio of 0.78 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 (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.16. The business had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. As a group, sell-side analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.
About United Airlines
(
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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