LMR Partners LLP raised its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 56.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 20,497 shares of the transportation company's stock after purchasing an additional 7,370 shares during the period. LMR Partners LLP's holdings in United Airlines were worth $1,990,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust purchased a new position in United Airlines during the fourth quarter worth about $25,000. Hemington Wealth Management boosted its stake in shares of United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after buying an additional 131 shares during the last quarter. Roxbury Financial LLC purchased a new position in shares of United Airlines in the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC purchased a new position in shares of United Airlines in the 4th quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc boosted its position in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. TD Cowen boosted their price objective on United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Bank of America dropped their target price on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley boosted their target price on shares of United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. UBS Group upped their price objective on United Airlines from $59.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Finally, Cowen reiterated a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $98.31.
View Our Latest Report on UAL
United Airlines Price Performance
Shares of United Airlines stock traded up $1.39 on Friday, reaching $77.93. The stock had a trading volume of 6,406,310 shares, compared to its average volume of 7,594,415. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company has a market cap of $25.45 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. 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 business's 50 day moving average is $70.56 and its two-hundred day moving average is $88.15.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $13.47 billion. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.
About United Airlines
(
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.
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