Fox Run Management L.L.C. bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 6,256 shares of the transportation company's stock, valued at approximately $607,000.
Several other hedge funds have also bought and sold shares of the business. Moody National Bank Trust Division grew its position in shares of United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock valued at $470,000 after purchasing an additional 98 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock valued at $508,000 after purchasing an additional 101 shares during the period. Metis Global Partners LLC increased its position in United Airlines by 2.0% during the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock valued at $631,000 after purchasing an additional 129 shares during the period. Hemington Wealth Management lifted its stake in shares of United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares during the period. Finally, Bell Investment Advisors Inc raised its position in shares of United Airlines by 60.3% in the 4th 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 last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.
United Airlines Stock Performance
Shares of NASDAQ:UAL traded down $2.06 during trading on Thursday, hitting $75.81. 2,290,779 shares of the stock traded hands, compared to its average volume of 7,625,208. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The company has a fifty day moving average price of $94.92 and a two-hundred day moving average price of $86.12. The company has a market cap of $24.81 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 0.67 and a beta of 1.41. 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 issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.00 EPS. As a group, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on UAL shares. TD Cowen upped their target price on shares of United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Raymond James reaffirmed an "outperform" rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Susquehanna restated a "hold" rating on shares of United Airlines in a research note on Tuesday, February 25th. Morgan Stanley increased their price target on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Finally, Barclays set a $140.00 target price on United Airlines and gave the company an "overweight" rating in a research report on Wednesday, March 12th. Two 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 data from MarketBeat.com, United Airlines currently has a consensus rating of "Buy" and a consensus price target of $112.75.
Check Out Our Latest Stock 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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