Sowell Financial Services LLC Makes New $548,000 Investment in United Airlines Holdings Inc (NASDAQ:UAL)

Sowell Financial Services LLC purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,935 shares of the transportation company's stock, valued at approximately $548,000.

Several other hedge funds and other institutional investors have also made changes to their positions in UAL. Vanguard Group Inc. raised its position in shares of United Airlines by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock valued at $3,548,797,000 after acquiring an additional 369,500 shares during the period. Capital International Investors increased its stake in United Airlines by 6.3% in the fourth quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock valued at $2,064,825,000 after purchasing an additional 1,257,443 shares in the last quarter. Sanders Capital LLC grew its holdings in shares of United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after buying an additional 4,390,721 shares during the period. Capital World Investors raised its position in shares of United Airlines by 22.4% during the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after purchasing an additional 1,791,654 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of United Airlines by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock valued at $840,533,000 after purchasing an additional 243,535 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group raised United Airlines from a "neutral" rating to a "buy" rating and increased their target price for the stock from $67.00 to $105.00 in a research note on Monday, May 19th. Cowen reissued a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a research report on Tuesday, April 22nd. Barclays lowered 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, Bank of America dropped their price target 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. One 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 stock. According to MarketBeat, United Airlines has a consensus rating of "Buy" and an average price target of $104.64.

United Airlines Price Performance

NASDAQ UAL traded down $0.03 on Friday, hitting $74.27. 8,657,855 shares of the company's stock were exchanged, compared to its average volume of 7,654,118. United Airlines Holdings Inc has a 52 week low of $37.02 and a 52 week high of $116.00. The stock has a 50-day moving average of $74.67 and a 200-day moving average of $86.19. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.93. The stock has a market cap of $24.26 billion, a price-to-earnings ratio of 6.77, a P/E/G ratio of 1.19 and a beta of 1.45.

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 for the quarter, beating 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 business had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. Analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

United Airlines 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.