Lake Street Advisors Group LLC Purchases Shares of 2,668 United Airlines Holdings, Inc. (NASDAQ:UAL)

Lake Street Advisors Group LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,668 shares of the transportation company's stock, valued at approximately $259,000.

Several other institutional investors and hedge funds have also bought and sold shares of UAL. Longbow Finance SA purchased a new position in United Airlines during the fourth quarter valued at $9,359,000. Los Angeles Capital Management LLC bought a new position in shares of United Airlines in the 4th quarter worth about $35,235,000. Horizon Advisory Services Inc. bought a new stake in United Airlines during the fourth quarter worth about $400,000. TCW Group Inc. grew its holdings in United Airlines by 18.8% in the fourth quarter. TCW Group Inc. now owns 52,562 shares of the transportation company's stock worth $5,104,000 after purchasing an additional 8,314 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in United Airlines by 2,276.5% in the fourth quarter. First Horizon Advisors Inc. now owns 808 shares of the transportation company's stock worth $78,000 after purchasing an additional 774 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Performance

United Airlines stock traded down $3.64 during mid-day trading on Tuesday, reaching $88.03. 10,278,600 shares of the stock traded hands, compared to its average volume of 7,494,153. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The business's 50-day moving average is $102.84 and its 200-day moving average is $82.27. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a market capitalization of $28.95 billion, a PE ratio of 9.35, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.96 by $0.30. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.00 EPS. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on UAL shares. Citigroup upped their price target on United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Raymond James reissued an "outperform" rating and issued a $130.00 target price (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Dbs Bank raised United Airlines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. TD Cowen upped their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, Melius Research upgraded shares of United Airlines to a "strong-buy" rating in a research note on Monday, December 2nd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $113.88.

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.