Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 218,525 shares of the transportation company's stock, valued at approximately $15,089,000. Harel Insurance Investments & Financial Services Ltd. owned about 0.07% of United Airlines as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of UAL. Capital A Wealth Management LLC purchased a new stake in shares of United Airlines in the fourth quarter worth about $31,000. Bell Investment Advisors Inc raised its holdings in United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after purchasing an additional 135 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in United Airlines in the 4th quarter worth about $36,000. CENTRAL TRUST Co raised its holdings in United Airlines by 57.2% in the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after purchasing an additional 297 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in United Airlines in the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 69.69% of the company's stock.
United Airlines Price Performance
Shares of NASDAQ:UAL traded up $1.20 during midday trading on Friday, hitting $82.21. The company had a trading volume of 4,047,696 shares, compared to its average volume of 7,680,980. United Airlines Holdings Inc has a twelve month low of $37.02 and a twelve 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. The stock has a market cap of $26.85 billion, a price-to-earnings ratio of 7.49, a price-to-earnings-growth ratio of 1.41 and a beta of 1.42. The business's 50-day simple moving average is $77.34 and its 200-day simple moving average is $84.75.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. The firm had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. On average, research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.
Wall Street Analyst Weigh In
UAL has been the subject of a number of analyst reports. Cantor Fitzgerald set a $88.00 price target on United Airlines in a report on Tuesday, April 22nd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Bank of America reduced their price target on 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 report on Tuesday, April 22nd. Finally, Evercore ISI reduced their target price on United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $104.64.
View Our Latest Research Report on UAL
United Airlines Profile
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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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