Rhumbline Advisers Increases Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Rhumbline Advisers boosted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 8.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 564,318 shares of the transportation company's stock after purchasing an additional 44,414 shares during the period. Rhumbline Advisers owned approximately 0.17% of United Airlines worth $38,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Jackson Hole Trust purchased a new position in United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management lifted its stake in United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Capital A Wealth Management LLC acquired a new position in shares of United Airlines during the 4th quarter worth approximately $31,000. Whipplewood Advisors LLC acquired a new position in shares of United Airlines during the 4th quarter worth approximately $32,000. Finally, Roxbury Financial LLC acquired a new position in shares of United Airlines during the 4th quarter worth approximately $32,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Performance

NASDAQ UAL traded down $1.27 during trading hours on Thursday, hitting $80.35. The company had a trading volume of 6,012,107 shares, compared to its average volume of 7,592,951. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a market cap of $26.24 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 0.67 and a beta of 1.45. The business has a 50 day moving average of $71.47 and a 200-day moving average of $87.48.

United Airlines (NASDAQ:UAL - Get Free Report) last released 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. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. As a group, equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group upgraded United Airlines from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $67.00 to $105.00 in a report on Monday, May 19th. Wall Street Zen raised shares of United Airlines from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 30th. Jefferies Financial Group reduced their price target on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. TD Cowen lifted their price target on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, United Airlines currently has a consensus rating of "Buy" and an average price target of $102.33.

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.