Knightsbridge Asset Management LLC Makes New $14.31 Million Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Knightsbridge Asset Management LLC purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 147,373 shares of the transportation company's stock, valued at approximately $14,310,000. United Airlines comprises 3.3% of Knightsbridge Asset Management LLC's investment portfolio, making the stock its 6th biggest position.

Other hedge funds also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in shares of United Airlines in the fourth quarter worth about $137,000. Longbow Finance SA purchased a new stake in shares of United Airlines in the fourth quarter worth about $9,359,000. KBC Group NV purchased a new stake in shares of United Airlines in the fourth quarter worth about $485,000. Bleakley Financial Group LLC boosted its position in shares of United Airlines by 293.7% in the fourth 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 purchased a new stake in shares of United Airlines in the fourth quarter worth about $790,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on UAL. Evercore ISI reduced their price target on United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Barclays reduced their price target on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Cowen reissued a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. Cantor Fitzgerald set a $88.00 price target on United Airlines in a report on Tuesday, April 22nd. Finally, Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, United Airlines currently has a consensus rating of "Buy" and a consensus target price of $96.60.

United Airlines Stock Performance

UAL traded down $0.60 during trading hours on Wednesday, hitting $68.33. The company's stock had a trading volume of 3,056,121 shares, compared to its average volume of 7,512,918. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $22.32 billion, a PE ratio of 7.25, a PEG ratio of 0.67 and a beta of 1.19. The company has a 50-day simple moving average of $74.12 and a 200 day simple moving average of $87.96.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $13.47 billion. As a group, sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

About United Airlines

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.