Dark Forest Capital Management LP Acquires 6,528 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Dark Forest Capital Management LP grew its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 70.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,757 shares of the transportation company's stock after acquiring an additional 6,528 shares during the period. Dark Forest Capital Management LP's holdings in United Airlines were worth $1,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in United Airlines during the fourth quarter valued at about $137,000. Longbow Finance SA purchased a new stake in United Airlines in the 4th quarter worth $9,359,000. KBC Group NV bought a new stake in United Airlines during the 4th quarter valued at approximately $485,000. Bleakley Financial Group LLC lifted its holdings in shares of United Airlines by 293.7% in the fourth quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company's stock worth $2,278,000 after buying an additional 17,499 shares in the last quarter. Finally, Islay Capital Management LLC purchased a new stake in United Airlines in the 4th quarter worth $790,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UAL. UBS Group increased their target price on United Airlines from $59.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Evercore ISI dropped their price objective on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. upped their price objective on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Barclays dropped their target price on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Raymond James lowered United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $97.14.

United Airlines Stock Performance

Shares of United Airlines stock opened at $66.97 on Wednesday. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock's fifty day moving average price is $77.68 and its 200-day moving average price is $87.66. The firm has a market cap of $21.95 billion, a P/E ratio of 7.10, a P/E/G ratio of 0.67 and a beta of 1.19. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 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 business had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. On average, equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share 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.

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