United Advisor Group LLC purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,451 shares of the transportation company's stock, valued at approximately $335,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in UAL. Bank of Jackson Hole Trust purchased a new stake in shares of United Airlines in the fourth quarter valued at about $25,000. Hemington Wealth Management raised its stake in United Airlines by 70.8% in 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 during the last quarter. Roxbury Financial LLC acquired a new stake in shares of United Airlines during the 4th quarter worth about $32,000. Whipplewood Advisors LLC purchased a new stake in shares of United Airlines during the fourth quarter worth about $32,000. Finally, Bell Investment Advisors Inc lifted its stake in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after buying an additional 135 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the company. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Susquehanna decreased their target price on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a report on Tuesday, April 22nd. Cowen restated a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group dropped their target price 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. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $102.33.
Read Our Latest Analysis on UAL
United Airlines Stock Up 1.4%
Shares of United Airlines stock traded up $1.07 during trading hours on Thursday, hitting $78.57. 10,086,708 shares of the company's stock traded hands, compared to its average volume of 7,645,771. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The stock has a 50 day simple moving average of $71.05 and a 200-day simple moving average of $87.82. The company has a market cap of $25.66 billion, a PE ratio of 8.33, a PEG ratio of 0.67 and a beta of 1.39.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion for 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%. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.
About United Airlines
(
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.
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