Adage Capital Partners GP L.L.C. Purchases 542,403 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Adage Capital Partners GP L.L.C. boosted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 175.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 852,412 shares of the transportation company's stock after acquiring an additional 542,403 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.26% of United Airlines worth $82,769,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UAL. Moody National Bank Trust Division increased its stake in shares of United Airlines by 2.1% in the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock worth $470,000 after purchasing an additional 98 shares in the last quarter. Diversify Advisory Services LLC grew its holdings in United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock valued at $508,000 after purchasing an additional 101 shares during the period. Metis Global Partners LLC increased its position in United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock worth $631,000 after buying an additional 129 shares in the last quarter. Hemington Wealth Management raised its stake 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 worth $30,000 after buying an additional 131 shares during the period. Finally, Bell Investment Advisors Inc lifted its position in shares of 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 buying an additional 135 shares in the last quarter. Institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on UAL. Morgan Stanley raised their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Evercore ISI lowered their target price on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. TD Cowen upped their target price on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday. Jefferies Financial Group decreased their price target on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, Raymond James lowered United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $97.14.

United Airlines Price Performance

United Airlines stock opened at $68.03 on Thursday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The firm's fifty day moving average is $76.95 and its 200 day moving average is $87.53. The company has a market cap of $22.29 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 0.67 and a beta of 1.19.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. Sell-side analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.