SteelPeak Wealth LLC lifted its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 196.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,158 shares of the transportation company's stock after acquiring an additional 10,714 shares during the quarter. SteelPeak Wealth LLC's holdings in United Airlines were worth $1,116,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Xponance Inc. boosted its position in United Airlines by 9.5% during the 1st quarter. Xponance Inc. now owns 54,070 shares of the transportation company's stock valued at $3,734,000 after purchasing an additional 4,681 shares during the period. CFC Planning Co LLC acquired a new position in United Airlines during the 1st quarter valued at approximately $378,000. Cerity Partners LLC boosted its position in United Airlines by 4.7% during the 1st quarter. Cerity Partners LLC now owns 50,170 shares of the transportation company's stock valued at $3,614,000 after purchasing an additional 2,266 shares during the period. Allworth Financial LP boosted its position in United Airlines by 3.5% during the 1st quarter. Allworth Financial LP now owns 7,016 shares of the transportation company's stock valued at $484,000 after purchasing an additional 236 shares during the period. Finally, Axxcess Wealth Management LLC boosted its position in United Airlines by 63.8% during the 1st quarter. Axxcess Wealth Management LLC now owns 9,096 shares of the transportation company's stock valued at $628,000 after purchasing an additional 3,543 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.
United Airlines Stock Down 4.3%
UAL opened at $87.69 on Friday. United Airlines Holdings Inc has a one year low of $37.02 and a one year 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. The stock's fifty day moving average is $78.78 and its 200-day moving average is $84.36. The company has a market capitalization of $28.64 billion, a PE ratio of 7.99, a P/E/G ratio of 1.54 and a beta of 1.42.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $13.47 billion. On average, equities analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research report on Tuesday, April 22nd. TD Cowen boosted their price objective on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. UBS Group cut their target price on United Airlines from $105.00 to $103.00 and set a "buy" rating on the stock in a research note on Monday, July 7th. Finally, Wall Street Zen downgraded United Airlines from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, United Airlines currently has a consensus rating of "Buy" and an average price target of $104.50.
Read Our Latest Research Report on UAL
United Airlines Company Profile
(
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.
Further Reading
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