SteelPeak Wealth LLC Has $1.12 Million Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

SteelPeak Wealth LLC increased its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 196.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 16,158 shares of the transportation company's stock after purchasing an additional 10,714 shares during the period. SteelPeak Wealth LLC's holdings in United Airlines were worth $1,116,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Capital A Wealth Management LLC acquired a new position in shares of United Airlines in the 4th quarter worth approximately $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Airlines during the fourth quarter worth $36,000. CENTRAL TRUST Co grew its holdings in shares of United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after purchasing an additional 297 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of United Airlines in the fourth quarter valued at $58,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of United Airlines in the first quarter valued at about $69,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on UAL. Wall Street Zen lowered shares of United Airlines from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Susquehanna restated a "positive" rating on shares of United Airlines in a research report on Tuesday. Jefferies Financial Group lowered their price objective on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Evercore ISI lowered their price objective on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Cowen reaffirmed a "buy" rating on shares of United Airlines in a research note on Tuesday. One equities research 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 stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $104.50.

United Airlines Stock Down 2.9%

Shares of UAL stock traded down $2.56 during trading on Tuesday, reaching $86.38. The company's stock had a trading volume of 7,337,877 shares, compared to its average volume of 7,701,869. The business has a fifty day moving average price of $79.06 and a 200-day moving average price of $84.06. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.93. The company has a market cap of $28.21 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 1.47 and a beta of 1.42. 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 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The business had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. Analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

About United Airlines

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.