CenterBook Partners LP acquired 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 Securities and Exchange Commission. The fund acquired 9,646 shares of the transportation company's stock, valued at approximately $937,000.
Several other institutional investors and hedge funds have also modified their holdings of UAL. Bank of Jackson Hole Trust acquired a new stake in shares of United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management lifted its stake in United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new position in United Airlines during the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new position in shares of United Airlines during the 4th quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc raised its holdings in shares of United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Raymond James cut shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Morgan Stanley increased their price objective 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. Jefferies Financial Group lowered their target price on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Bank of America reduced their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. Finally, Susquehanna lowered their price target on United Airlines from $130.00 to $90.00 and set a "positive" rating on the stock in a research report on Monday, April 7th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $102.01.
Check Out Our Latest Analysis on UAL
United Airlines Stock Performance
Shares of UAL traded up $1.31 during trading hours on Tuesday, hitting $67.00. The company had a trading volume of 12,701,500 shares, compared to its average volume of 7,977,233. The business has a fifty day moving average of $82.35 and a 200-day moving average of $87.47. 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 has a market cap of $21.93 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. Equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.
United Airlines Company 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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