Leigh Baldwin & CO. LLC Takes $29.13 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Leigh Baldwin & CO. LLC purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 291,300 shares of the transportation company's stock, valued at approximately $29,130,000. Leigh Baldwin & CO. LLC owned approximately 0.09% of United Airlines at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of UAL. Franklin Resources Inc. raised its position in United Airlines by 214.7% in the 3rd quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company's stock valued at $11,558,000 after buying an additional 138,191 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of United Airlines by 3.2% during the third quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company's stock valued at $21,581,000 after purchasing an additional 11,601 shares in the last quarter. First Hawaiian Bank purchased a new position in United Airlines during the fourth quarter worth about $367,000. Czech National Bank grew its position in United Airlines by 6.4% in the 4th quarter. Czech National Bank now owns 71,307 shares of the transportation company's stock worth $6,924,000 after purchasing an additional 4,320 shares in the last quarter. Finally, Brookstone Capital Management purchased a new stake in United Airlines in the 4th quarter valued at about $243,000. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Stock Performance

United Airlines stock opened at $77.27 on Monday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The firm has a fifty day simple moving average of $70.94 and a two-hundred day simple moving average of $88.22. The company has a market capitalization of $25.24 billion, a PE ratio of 8.19, a P/E/G ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results 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. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. Research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UAL shares. Cowen reaffirmed a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. Morgan Stanley upped their price objective on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Barclays lowered their target price on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Bank of America reduced their price target on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Finally, Susquehanna lowered their price objective 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. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $96.60.

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.

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