Voloridge Investment Management LLC increased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 249.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,324,852 shares of the transportation company's stock after buying an additional 945,384 shares during the period. Voloridge Investment Management LLC owned 0.40% of United Airlines worth $128,643,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in UAL. Brookstone Capital Management purchased a new position in United Airlines in the 4th quarter worth about $243,000. Park Avenue Securities LLC bought a new stake in shares of United Airlines in the 4th quarter valued at about $561,000. Gateway Investment Advisers LLC bought a new stake in shares of United Airlines in the 4th quarter valued at about $311,000. HB Wealth Management LLC boosted its holdings in shares of United Airlines by 5.6% in the 4th quarter. HB Wealth Management LLC now owns 3,795 shares of the transportation company's stock valued at $369,000 after buying an additional 201 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of United Airlines in the 4th quarter valued at about $227,000. Hedge funds and other institutional investors own 69.69% of the company's stock.
United Airlines Price Performance
United Airlines stock opened at $78.62 on Tuesday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The firm has a market capitalization of $25.68 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 0.67 and a beta of 1.39. The company has a fifty day simple moving average of $70.68 and a 200-day simple moving average of $88.26. 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 (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. On average, equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research firms recently commented on UAL. Bank of America lowered their target price on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. TD Cowen lifted their target price on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a research note on Tuesday, April 22nd. UBS Group upgraded shares of United Airlines from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $67.00 to $105.00 in a research note on Monday. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. One investment 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 stock. According to MarketBeat, United Airlines has a consensus rating of "Buy" and an average target price of $102.33.
View Our Latest Analysis 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.
Featured Articles
Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider United Airlines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Airlines wasn't on the list.
While United Airlines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
