Twinbeech Capital LP Takes $58.23 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Twinbeech Capital LP bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 599,736 shares of the transportation company's stock, valued at approximately $58,234,000. United Airlines accounts for approximately 1.0% of Twinbeech Capital LP's portfolio, making the stock its 22nd biggest holding. Twinbeech Capital LP owned about 0.18% of United Airlines as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Bank of Jackson Hole Trust acquired a new position in United Airlines in the 4th quarter worth about $25,000. Hemington Wealth Management boosted its position in shares of United Airlines by 70.8% during the 4th 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. Whipplewood Advisors LLC bought a new stake in shares of United Airlines during the 4th quarter valued at about $32,000. Roxbury Financial LLC bought a new stake in shares of United Airlines during the 4th quarter valued at about $32,000. Finally, Bell Investment Advisors Inc boosted its position 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 valued at $35,000 after purchasing an additional 135 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Down 3.9%

Shares of UAL stock traded down $3.00 during trading hours on Wednesday, reaching $73.33. The company had a trading volume of 8,245,363 shares, compared to its average volume of 7,607,055. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The business has a fifty day simple moving average of $70.80 and a 200-day simple moving average of $88.08. The company has a market cap of $23.95 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. On average, research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UAL has been the topic of several research analyst reports. Bank of America cut their target price on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Evercore ISI cut their target price on United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Susquehanna cut their target price on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. UBS Group upgraded United Airlines from a "neutral" rating to a "buy" rating and upped their target price for the company from $67.00 to $105.00 in a research report on Monday. Finally, Cantor Fitzgerald set a $88.00 price target on United Airlines in a report on Tuesday, April 22nd. 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. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $102.33.

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.