SG Americas Securities LLC grew its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 0.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 917,580 shares of the transportation company's stock after buying an additional 5,561 shares during the period. SG Americas Securities LLC owned approximately 0.28% of United Airlines worth $63,359,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in UAL. Bank of Jackson Hole Trust acquired a new position in United Airlines in the 4th quarter valued at approximately $25,000. Hemington Wealth Management boosted its position in United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after buying an additional 131 shares during the last quarter. Capital A Wealth Management LLC acquired a new position in shares of United Airlines in the 4th quarter valued at $31,000. Whipplewood Advisors LLC acquired a new position in shares of United Airlines in the 4th quarter valued at $32,000. Finally, Roxbury Financial LLC acquired a new position in shares of United Airlines in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 69.69% of the company's stock.
United Airlines Stock Down 5.5%
Shares of NASDAQ UAL traded down $4.57 during mid-day trading on Wednesday, hitting $78.63. The company had a trading volume of 8,293,635 shares, compared to its average volume of 7,610,655. The company has a market capitalization of $25.68 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 0.67 and a beta of 1.45. The firm has a 50-day simple moving average of $72.72 and a two-hundred day simple moving average of $87.13. 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 Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00.
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 for the quarter, beating the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion during 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%. On average, equities analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on UAL shares. Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. 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. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research note on Tuesday, April 22nd. Finally, TD Cowen lifted their price target on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, United Airlines currently has an average rating of "Buy" and an average price target of $104.64.
Check Out Our Latest Stock 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.
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