FIL Ltd 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 Securities and Exchange Commission. The institutional investor purchased 26,675 shares of the transportation company's stock, valued at approximately $2,590,000.
Other hedge funds also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in shares of United Airlines during the fourth quarter worth approximately $25,000. Hemington Wealth Management boosted its stake in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new position in United Airlines during the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC bought a new position in United Airlines in the 4th quarter worth $32,000. Finally, Bell Investment Advisors Inc increased its stake 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 worth $35,000 after purchasing an additional 135 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.
United Airlines Stock Down 1.1 %
Shares of NASDAQ UAL traded down $0.76 during mid-day trading on Thursday, hitting $66.23. The company had a trading volume of 9,383,254 shares, compared to its average volume of 8,015,544. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a 50-day simple moving average of $80.67 and a two-hundred day simple moving average of $87.19. The company has a market capitalization of $21.68 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. On average, equities analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.
Wall Street Analysts Forecast Growth
UAL has been the subject of a number of research reports. Bank of America reduced their price target on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Barclays dropped their price objective on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. boosted their target price on United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley lifted their target price on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Three 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.95.
Check Out Our Latest Stock Analysis on UAL
United Airlines Profile
(
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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