Woodline Partners LP Acquires New Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Woodline Partners LP purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 141,601 shares of the transportation company's stock, valued at approximately $13,749,000.

Other hedge funds also recently added to or reduced their stakes in the company. Park Avenue Securities LLC bought a new position in United Airlines in the 4th quarter worth about $561,000. HB Wealth Management LLC lifted its position 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 worth $369,000 after purchasing an additional 201 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of United Airlines in the 4th quarter worth approximately $227,000. Aaron Wealth Advisors LLC purchased a new stake in shares of United Airlines in the 4th quarter worth approximately $230,000. Finally, Diversify Advisory Services LLC lifted its position in shares of United Airlines by 2.2% in the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock worth $508,000 after purchasing an additional 101 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Raymond James cut shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Evercore ISI decreased their target price 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. TD Cowen increased their target price on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. UBS Group raised shares of United Airlines from a "neutral" rating to a "buy" rating and increased their target price for the company from $67.00 to $105.00 in a research report on Monday, May 19th. Finally, Susquehanna decreased their target price on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $102.33.

United Airlines Stock Performance

Shares of NASDAQ:UAL traded down $1.35 during midday trading on Friday, reaching $74.65. The company's stock had a trading volume of 4,802,912 shares, compared to its average volume of 7,638,279. The firm has a market capitalization of $24.38 billion, a PE ratio of 7.92, a P/E/G ratio of 0.67 and a beta of 1.39. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The stock has a fifty day moving average of $70.91 and a 200 day moving average of $88.03. 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 released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The firm had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, equities analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal 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.