Farringdon Capital Ltd. purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,057 shares of the transportation company's stock, valued at approximately $782,000.
Several other large investors have also made changes to their positions in UAL. Proficio Capital Partners LLC bought a new position in United Airlines during the 4th quarter worth approximately $137,000. Longbow Finance SA bought a new position in shares of United Airlines in the fourth quarter valued at approximately $9,359,000. KBC Group NV bought a new stake in shares of United Airlines in the 4th quarter worth $485,000. Bleakley Financial Group LLC lifted its holdings in United Airlines by 293.7% in the 4th quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company's stock valued at $2,278,000 after acquiring an additional 17,499 shares during the last quarter. Finally, Islay Capital Management LLC bought a new stake in United Airlines during the fourth quarter worth approximately $790,000. 69.69% of the stock is owned by hedge funds and other institutional investors.
United Airlines Stock Performance
Shares of NASDAQ UAL traded up $1.34 during midday trading on Tuesday, reaching $66.64. The company's stock had a trading volume of 2,300,351 shares, compared to its average volume of 7,596,579. The firm has a 50 day moving average price of $78.36 and a 200-day moving average price of $87.81. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The stock has a market capitalization of $21.84 billion, a P/E ratio of 7.07, a PEG ratio of 0.67 and a beta of 1.19.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The firm had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on UAL shares. Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Morgan Stanley boosted their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Barclays lowered their price objective on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Evercore ISI reduced their target price on United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. upped their price target on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $97.14.
Check Out Our Latest Research Report on UAL
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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