Zimmer Partners LP Buys Shares of 82,700 United Airlines Holdings, Inc. (NASDAQ:UAL)

Zimmer Partners 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 82,700 shares of the transportation company's stock, valued at approximately $8,030,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of United Airlines during the 4th quarter valued at approximately $137,000. Longbow Finance SA bought a new position in United Airlines in the 4th quarter worth approximately $9,359,000. KBC Group NV bought a new position in United Airlines in the 4th quarter worth approximately $485,000. Bleakley Financial Group LLC boosted its holdings in United Airlines by 293.7% in the 4th quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company's stock worth $2,278,000 after buying an additional 17,499 shares during the period. Finally, Islay Capital Management LLC bought a new position in United Airlines in the 4th quarter worth approximately $790,000. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Performance

United Airlines stock opened at $78.62 on Tuesday. The firm's fifty day moving average price is $70.68 and its 200-day moving average price is $88.26. 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 stock has a market cap of $25.68 billion, a P/E 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 fifty-two week low of $37.02 and a fifty-two week high of $116.00.

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 for the quarter, beating the consensus estimate of $0.75 by $0.16. The firm had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

UAL has been the subject of several analyst reports. Jefferies Financial Group cut their price objective on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. UBS Group raised shares of United Airlines from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $67.00 to $105.00 in a report on Monday. TD Cowen raised their price objective on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, April 22nd. Evercore ISI cut their price target on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $102.33.

United Airlines 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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