Focus Partners Wealth Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Focus Partners Wealth acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,410 shares of the transportation company's stock, valued at approximately $622,000.

Several other large investors also recently added to or reduced their stakes in UAL. Bank of Jackson Hole Trust bought a new position in United Airlines in the 4th quarter worth about $25,000. Hemington Wealth Management raised its holdings in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after buying an additional 131 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of United Airlines during the 4th quarter valued at about $32,000. Roxbury Financial LLC purchased a new position in shares of United Airlines during the 4th quarter valued at about $32,000. Finally, Bell Investment Advisors Inc raised its holdings in shares of United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Susquehanna decreased their price objective on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Bank of America decreased their price objective on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Morgan Stanley raised their price objective on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. TD Cowen raised their price objective on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Finally, Cantor Fitzgerald set a $88.00 price target on United Airlines in a research note on Tuesday, April 22nd. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $102.33.

United Airlines Price Performance

Shares of United Airlines stock opened at $78.62 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The company has a market cap of $25.68 billion, a PE ratio of 8.34, a P/E/G ratio of 0.67 and a beta of 1.39. The business has a 50 day moving average of $70.68 and a 200 day moving average of $88.26. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 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 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, equities research analysts forecast 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.

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