Dorsey Wright & Associates Purchases New Shares in United Airlines Holdings, Inc. (NASDAQ:UAL)

Dorsey Wright & Associates purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,969 shares of the transportation company's stock, valued at approximately $1,356,000.

A number of other large investors also recently bought and sold shares of the business. Bank of Jackson Hole Trust acquired a new position in shares of United Airlines during the 4th quarter worth approximately $25,000. Hemington Wealth Management raised its position in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after acquiring an additional 131 shares during the period. Roxbury Financial LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at about $32,000. Whipplewood Advisors LLC acquired a new position in shares of United Airlines during the 4th quarter worth about $32,000. Finally, Bell Investment Advisors Inc lifted its stake in United Airlines by 60.3% in 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 and hedge funds own 69.69% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on UAL. Susquehanna reiterated a "hold" rating on shares of United Airlines in a research note on Tuesday, February 25th. UBS Group reduced their price objective on United Airlines from $140.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Jefferies Financial Group lowered their target price on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday. Bank of America decreased their price target on shares of United Airlines from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Finally, Barclays set a $140.00 price objective on shares of United Airlines and gave the company an "overweight" rating in a research note on Wednesday, March 12th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $111.75.

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United Airlines Stock Down 1.2 %

UAL traded down $0.85 during trading hours on Tuesday, hitting $68.20. 8,521,431 shares of the company's stock were exchanged, compared to its average volume of 7,759,682. 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 Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The firm has a market cap of $22.32 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The firm has a 50 day moving average of $92.76 and a 200 day moving average of $86.85.

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, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to analysts' expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm's revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.00 EPS. Analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

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.