Mediolanum International Funds Ltd Purchases Shares of 4,015 United Airlines Holdings Inc (NASDAQ:UAL)

Mediolanum International Funds Ltd bought a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,015 shares of the transportation company's stock, valued at approximately $282,000.

Several other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in United Airlines during the 4th quarter worth about $137,000. Sequoia Financial Advisors LLC purchased a new stake in shares of United Airlines during the 4th quarter worth about $285,000. Farther Finance Advisors LLC boosted its stake in shares of United Airlines by 211.4% during the 4th quarter. Farther Finance Advisors LLC now owns 5,128 shares of the transportation company's stock worth $498,000 after acquiring an additional 3,481 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of United Airlines by 17.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 10,520 shares of the transportation company's stock worth $1,022,000 after acquiring an additional 1,589 shares in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its stake in shares of United Airlines by 7.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 6,113 shares of the transportation company's stock worth $594,000 after acquiring an additional 413 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Performance

NASDAQ UAL traded down $2.56 during trading on Tuesday, reaching $86.38. The company's stock had a trading volume of 7,345,530 shares, compared to its average volume of 7,707,497. 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 firm has a market cap of $28.21 billion, a price-to-earnings ratio of 7.87, a P/E/G ratio of 1.49 and a beta of 1.42. United Airlines Holdings Inc has a twelve month low of $37.02 and a twelve month high of $116.00. The business's fifty day moving average price is $79.06 and its 200-day moving average price is $84.06.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. The business had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. As a group, analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UAL. Cowen reissued a "buy" rating on shares of United Airlines in a research note on Tuesday. 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. Jefferies Financial Group decreased their target price on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Finally, Bank of America cut their price target on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target 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.