Merit Financial Group LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,605 shares of the transportation company's stock, valued at approximately $387,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of United Airlines by 4.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 37,660 shares of the transportation company's stock valued at $3,657,000 after purchasing an additional 1,759 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in United Airlines by 9.8% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,509 shares of the transportation company's stock worth $632,000 after acquiring an additional 581 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of United Airlines during the fourth quarter valued at $484,000. Savant Capital LLC boosted its stake in shares of United Airlines by 16.0% in the 4th quarter. Savant Capital LLC now owns 11,719 shares of the transportation company's stock valued at $1,138,000 after purchasing an additional 1,614 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC bought a new stake in shares of United Airlines in the 4th quarter worth about $258,000. Institutional investors own 69.69% of the company's stock.
United Airlines Trading Down 1.5%
Shares of UAL traded down $1.20 during trading hours on Thursday, reaching $77.43. The stock had a trading volume of 7,614,167 shares, compared to its average volume of 7,610,781. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The company has a market cap of $25.29 billion, a P/E ratio of 8.21, a P/E/G ratio of 0.67 and a beta of 1.45. The firm has a 50-day moving average of $73.14 and a 200 day moving average of $87.08.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.16. The business had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. On average, sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a report on Tuesday, April 22nd. 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 research report on Thursday, April 3rd. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Jefferies Financial Group lowered their target price 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. Finally, Evercore ISI decreased their price objective on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, United Airlines presently has a consensus rating of "Buy" and an average target price of $104.64.
Read Our Latest Analysis on UAL
About United Airlines
(
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.
Featured Articles
Before you consider United Airlines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Airlines wasn't on the list.
While United Airlines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
