Ritholtz Wealth Management Purchases New Shares in United Airlines Holdings Inc (NASDAQ:UAL)

Ritholtz Wealth Management purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,692 shares of the transportation company's stock, valued at approximately $393,000.

Other hedge funds also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its position in shares of United Airlines by 24.8% during the 4th quarter. Asset Management One Co. Ltd. now owns 8,094 shares of the transportation company's stock valued at $807,000 after acquiring an additional 1,607 shares in the last quarter. J.W. Cole Advisors Inc. bought a new stake in shares of United Airlines in the 4th quarter valued at approximately $291,000. Sanctuary Advisors LLC grew its stake in shares of United Airlines by 49.8% in the 4th quarter. Sanctuary Advisors LLC now owns 26,801 shares of the transportation company's stock valued at $2,602,000 after purchasing an additional 8,913 shares during the period. CIBC Asset Management Inc lifted its position in shares of United Airlines by 4.5% during the 4th quarter. CIBC Asset Management Inc now owns 50,120 shares of the transportation company's stock worth $4,867,000 after buying an additional 2,164 shares during the period. Finally, Truist Financial Corp lifted its holdings in shares of United Airlines by 135.5% during the fourth quarter. Truist Financial Corp now owns 54,615 shares of the transportation company's stock valued at $5,303,000 after acquiring an additional 31,426 shares during the period. Institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

NASDAQ:UAL traded down $0.03 during mid-day trading on Friday, hitting $74.27. 8,657,855 shares of the stock were exchanged, compared to its average volume of 7,654,118. The firm's 50-day simple moving average is $74.67 and its 200 day simple moving average is $86.19. The stock has a market capitalization of $24.26 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45. United Airlines Holdings Inc has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.72 and a current ratio of 0.78.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. The company had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. 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

UAL has been the subject of a number of research analyst reports. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Jefferies Financial Group cut their target price on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Cowen reissued a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. TD Cowen boosted their price target on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Finally, Bank of America reduced their target price on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $104.64.

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.