RHS Financial LLC Takes $240,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

RHS Financial LLC purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,479 shares of the transportation company's stock, valued at approximately $240,000.

Several other hedge funds have also added to or reduced their stakes in UAL. Sanders Capital LLC increased its stake in United Airlines by 46.4% during the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after acquiring an additional 4,390,721 shares during the period. Boston Partners bought a new position in shares of United Airlines in the 4th quarter valued at $323,508,000. FMR LLC increased its stake in shares of United Airlines by 70.9% in the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after purchasing an additional 3,015,979 shares during the last quarter. Senator Investment Group LP increased its stake 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 valued at $316,648,000 after purchasing 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% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after purchasing an additional 1,791,654 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Trading Down 4.4%

Shares of NASDAQ:UAL traded down $3.43 on Friday, reaching $74.00. 10,125,248 shares of the company traded hands, compared to its average volume of 7,616,812. The business's 50-day simple moving average is $73.87 and its 200 day simple moving average is $86.72. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The stock has a market capitalization of $24.17 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 0.67 and a beta of 1.45. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The firm had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Susquehanna reduced their price objective on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Bank of America dropped their price objective on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Jefferies Financial Group decreased their price objective on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Barclays reduced their target price on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. One investment 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 stock. According to data from MarketBeat, United Airlines currently has an average rating of "Buy" and a consensus price target of $104.64.

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.