Townsquare Capital LLC Invests $439,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Townsquare Capital LLC bought 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 disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,520 shares of the transportation company's stock, valued at approximately $439,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Boston Partners purchased a new position in United Airlines during the fourth quarter valued at $323,508,000. FMR LLC lifted its position in shares of United Airlines by 70.9% during the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after buying an additional 3,015,979 shares in the last quarter. Norges Bank bought a new position in shares of United Airlines during the 4th quarter valued at approximately $170,732,000. Prudential Financial Inc. increased its holdings in United Airlines by 310.2% in the 4th quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company's stock worth $112,996,000 after acquiring an additional 879,992 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in United Airlines by 1,492.8% during the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company's stock worth $88,557,000 after acquiring an additional 854,759 shares during the period. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Performance

UAL traded up $1.12 during trading on Thursday, reaching $69.15. The company's stock had a trading volume of 5,392,869 shares, compared to its average volume of 7,559,029. The company has a market capitalization of $22.66 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company's fifty day moving average price is $76.95 and its 200-day moving average price is $87.53. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. 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 (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data 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 return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $13.21 billion during 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 fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. TD Cowen boosted their price objective on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday. UBS Group boosted their target price on shares of United Airlines from $59.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Jefferies Financial Group decreased their price objective on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Barclays dropped their target price on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Raymond James downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $97.14.

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.