Lee Johnson Capital Management LLC Invests $3.22 Million in United Airlines Holdings Inc (NASDAQ:UAL)

Lee Johnson Capital Management LLC acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 46,594 shares of the transportation company's stock, valued at approximately $3,217,000. United Airlines accounts for about 1.7% of Lee Johnson Capital Management LLC's holdings, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds have also modified their holdings of UAL. Proficio Capital Partners LLC purchased a new position in shares of United Airlines in the 4th quarter valued at about $137,000. Steward Partners Investment Advisory LLC increased its stake in shares of United Airlines by 122.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,588 shares of the transportation company's stock valued at $737,000 after purchasing an additional 4,174 shares in the last quarter. Assetmark Inc. increased its stake in shares of United Airlines by 26,095.6% in the 4th quarter. Assetmark Inc. now owns 23,838 shares of the transportation company's stock valued at $2,315,000 after purchasing an additional 23,747 shares in the last quarter. Atria Investments Inc increased its stake in shares of United Airlines by 175.2% in the 4th quarter. Atria Investments Inc now owns 11,304 shares of the transportation company's stock valued at $1,098,000 after purchasing an additional 7,196 shares in the last quarter. Finally, M&T Bank Corp increased its stake in shares of United Airlines by 29.9% in the 4th quarter. M&T Bank Corp now owns 19,876 shares of the transportation company's stock valued at $1,930,000 after purchasing an additional 4,573 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Wall Street Analyst Weigh In

UAL has been the subject of several recent analyst reports. Cowen restated a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Susquehanna cut their price objective on United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Barclays cut their price objective on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group cut their price objective on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $104.50.

United Airlines Trading Down 1.3%

UAL traded down $1.03 during trading hours on Wednesday, reaching $80.18. The company's stock had a trading volume of 5,678,749 shares, compared to its average volume of 7,676,993. United Airlines Holdings Inc has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The stock has a market cap of $26.19 billion, a PE ratio of 7.31, a P/E/G ratio of 1.37 and a beta of 1.42. The business's 50-day moving average is $77.83 and its 200-day moving average is $84.54. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $13.47 billion. As a group, equities research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share 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.