Quantinno Capital Management LP Increases Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Quantinno Capital Management LP raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,529 shares of the transportation company's stock after buying an additional 15,480 shares during the quarter. Quantinno Capital Management LP's holdings in United Airlines were worth $11,509,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of UAL. Bank of Jackson Hole Trust acquired a new stake in shares of United Airlines during the fourth quarter worth about $25,000. Hemington Wealth Management lifted its position in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of United Airlines during the fourth quarter worth about $32,000. Whipplewood Advisors LLC acquired a new stake in shares of United Airlines during the fourth quarter worth about $32,000. Finally, Bell Investment Advisors Inc lifted its position in shares of United Airlines by 60.3% during 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 in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Stock Up 1.8%

UAL stock traded up $1.39 during midday trading on Friday, reaching $77.93. 6,406,310 shares of the company were exchanged, compared to its average volume of 7,596,168. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The stock's 50-day simple moving average is $70.56 and its 200 day simple moving average is $88.20. The company has a market cap of $25.45 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on UAL. Raymond James cut shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a research report on Tuesday, April 22nd. TD Cowen increased their price target on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Barclays reduced their target price on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Evercore ISI reduced their target price on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $99.80.

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.