Clune & Associates LTD. Acquires New Shares in United Airlines Holdings, Inc. (NASDAQ:UAL)

Clune & Associates LTD. acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,667 shares of the transportation company's stock, valued at approximately $356,000.

A number of other hedge funds also recently bought and sold shares of UAL. Vanguard Group Inc. grew its stake in United Airlines by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock worth $3,548,797,000 after buying an additional 369,500 shares during the last quarter. LPL Financial LLC boosted its stake in United Airlines by 37.0% in the 4th quarter. LPL Financial LLC now owns 169,245 shares of the transportation company's stock worth $16,434,000 after purchasing an additional 45,701 shares in the last quarter. Richwood Investment Advisors LLC purchased a new stake in United Airlines during the 4th quarter worth approximately $261,000. Fox Run Management L.L.C. purchased a new stake in shares of United Airlines in the fourth quarter worth about $607,000. Finally, American Century Companies Inc. grew its holdings in United Airlines by 9.6% during the fourth quarter. American Century Companies Inc. now owns 602,958 shares of the transportation company's stock worth $58,547,000 after acquiring an additional 52,799 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

NASDAQ UAL traded down $1.32 during trading hours on Tuesday, hitting $78.90. 7,806,150 shares of the company's stock traded hands, compared to its average volume of 7,658,822. 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 firm's 50-day moving average is $95.46 and its 200-day moving average is $86.18. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a market capitalization of $25.83 billion, a PE ratio of 8.37, a PEG ratio of 0.67 and a beta of 1.41.

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United Airlines (NASDAQ:UAL - Get Free Report) last posted 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 analysts' expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 earnings per share. Equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Citigroup raised their price objective on shares of United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Barclays set a $140.00 price objective on shares of United Airlines and gave the company an "overweight" rating in a report on Wednesday, March 12th. JPMorgan Chase & Co. increased their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Melius Research raised United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. Finally, Dbs Bank upgraded United Airlines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. Two investment 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. Based on data from MarketBeat, United Airlines presently has a consensus rating of "Buy" and an average price target of $112.75.

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.