Janney Montgomery Scott LLC Has $2.25 Million Position in United Airlines Holdings Inc (NASDAQ:UAL)

Janney Montgomery Scott LLC raised its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 47.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,613 shares of the transportation company's stock after acquiring an additional 10,471 shares during the period. Janney Montgomery Scott LLC's holdings in United Airlines were worth $2,252,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of UAL. Sanders Capital LLC grew its holdings in shares of United Airlines by 46.4% during the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after purchasing an additional 4,390,721 shares during the last quarter. Boston Partners bought a new stake in shares of United Airlines during the fourth quarter worth $323,508,000. FMR LLC grew its holdings in shares of United Airlines by 70.9% during the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock worth $705,798,000 after purchasing an additional 3,015,979 shares during the last quarter. Senator Investment Group LP grew its holdings in shares of United Airlines by 214.8% during the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock worth $316,648,000 after purchasing an additional 2,225,000 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of United Airlines by 22.4% during the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after purchasing an additional 1,791,654 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UAL shares. UBS Group upgraded United Airlines from a "neutral" rating to a "buy" rating and raised their price target for the company from $67.00 to $105.00 in a report on Monday, May 19th. TD Cowen raised their price target on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Raymond James Financial cut United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Barclays decreased their price target on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Bank of America decreased their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $104.64.

United Airlines Stock Up 2.1%

Shares of NASDAQ UAL traded up $1.63 during mid-day trading on Friday, reaching $79.18. 6,491,980 shares of the company's stock were exchanged, compared to its average volume of 7,680,392. The firm has a market capitalization of $25.86 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 1.27 and a beta of 1.45. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.93. The business has a fifty day simple moving average of $75.99 and a 200 day simple moving average of $85.15. United Airlines Holdings Inc has a twelve month low of $37.02 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion for 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%. As a group, equities analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

United Airlines Company 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.