Lee Johnson Capital Management LLC Purchases Shares of 46,594 United Airlines Holdings Inc (NASDAQ:UAL)

Lee Johnson Capital Management LLC purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 46,594 shares of the transportation company's stock, valued at approximately $3,217,000. United Airlines makes up about 1.7% of Lee Johnson Capital Management LLC's portfolio, making the stock its 23rd largest holding.

Other large investors have also recently modified their holdings of the company. Sanders Capital LLC boosted its position in United Airlines by 46.4% during the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after buying an additional 4,390,721 shares during the period. Boston Partners bought a new position in United Airlines during the 4th quarter valued at approximately $323,508,000. FMR LLC lifted its holdings in United Airlines by 70.9% in the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock worth $705,798,000 after buying an additional 3,015,979 shares during the period. Senator Investment Group LP grew its position in shares of United Airlines by 214.8% in the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock worth $316,648,000 after buying an additional 2,225,000 shares during the last quarter. Finally, Capital World Investors increased its stake 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 valued at $950,461,000 after buying an additional 1,791,654 shares during the period. Institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

Shares of NASDAQ:UAL traded down $3.98 during midday trading on Friday, reaching $87.69. 9,833,628 shares of the company's stock traded hands, compared to its average volume of 7,715,299. The stock has a 50 day moving average of $78.78 and a 200 day moving average of $84.36. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.72 and a current ratio of 0.78. The company has a market cap of $28.64 billion, a price-to-earnings ratio of 7.99, a P/E/G ratio of 1.54 and a beta of 1.42. United Airlines Holdings Inc has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its 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 business had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. As a group, equities research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on UAL shares. UBS Group cut their price target on shares of United Airlines from $105.00 to $103.00 and set a "buy" rating on the stock in a report on Monday. Raymond James Financial lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a research report on Tuesday, April 22nd. TD Cowen lifted their price objective on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Finally, Barclays decreased their target price on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. One 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. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $104.50.

About United Airlines

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.