Quantessence Capital LLC purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,908 shares of the transportation company's stock, valued at approximately $574,000.
Other institutional investors have also recently modified their holdings of the company. Bank of Jackson Hole Trust purchased a new position in United Airlines during the fourth quarter worth approximately $25,000. Hemington Wealth Management grew its position in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of United Airlines during the 4th quarter worth about $32,000. Roxbury Financial LLC acquired a new stake in shares of United Airlines in the fourth quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc grew its stake in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on the company. Morgan Stanley lifted their price target on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Bank of America cut their price target on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. TD Cowen boosted their price objective on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Finally, Evercore ISI cut their target price on United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Two research 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $96.60.
Get Our Latest Stock Analysis on UAL
United Airlines Price Performance
Shares of UAL traded up $0.81 during mid-day trading on Monday, reaching $69.01. 2,248,009 shares of the company's stock were exchanged, compared to its average volume of 7,522,419. 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 Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a market cap of $22.54 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 0.67 and a beta of 1.19. The company has a 50-day simple moving average of $75.55 and a two-hundred day simple moving average of $88.04.
United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.
United Airlines Profile
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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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