First Trust Advisors LP Grows Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

First Trust Advisors LP lifted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 760,235 shares of the transportation company's stock after acquiring an additional 52,317 shares during the quarter. First Trust Advisors LP owned approximately 0.23% of United Airlines worth $73,819,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank of Jackson Hole Trust purchased a new position in shares of United Airlines during the fourth quarter valued at about $25,000. Hemington Wealth Management grew its holdings 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 during the period. Whipplewood Advisors LLC bought a new position in shares of United Airlines in the 4th quarter worth approximately $32,000. Roxbury Financial LLC purchased a new position in shares of United Airlines in the 4th quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc grew its stake in 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 Performance

NASDAQ:UAL traded up $1.02 during trading hours on Thursday, reaching $69.05. The company had a trading volume of 7,006,337 shares, compared to its average volume of 7,553,600. The firm's 50 day moving average price is $76.25 and its 200-day moving average price is $87.60. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 7.32, a PEG 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 Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $13.21 billion during 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%. On average, analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Ratings Changes

UAL has been the subject of several recent research reports. TD Cowen raised their price objective on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday. Evercore ISI dropped their price objective on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. JPMorgan Chase & Co. raised their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Morgan Stanley upped their price target on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, Bank of America cut their target price on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Three 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $97.14.

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.