Teza Capital Management LLC Acquires New Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Teza Capital Management LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,738 shares of the transportation company's stock, valued at approximately $654,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust acquired a new stake in United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management lifted its holdings in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of United Airlines in the fourth quarter valued at about $32,000. Whipplewood Advisors LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc increased its stake in shares of United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after purchasing an additional 135 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of recent research reports. Morgan Stanley upped their target price on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Jefferies Financial Group reduced their price objective on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Bank of America decreased 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. Cowen reissued a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. Finally, Raymond James cut shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $102.33.

United Airlines Stock Performance

Shares of UAL stock opened at $78.62 on Tuesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market capitalization of $25.68 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The company has a 50 day moving average price of $70.68 and a 200 day moving average price of $88.26.

United Airlines (NASDAQ:UAL - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.

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