Headlands Technologies LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,493 shares of the transportation company's stock, valued at approximately $1,310,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Jackson Hole Trust bought a new stake in United Airlines in the fourth quarter worth $25,000. Hemington Wealth Management raised its position 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 worth $30,000 after purchasing an additional 131 shares during the last quarter. Roxbury Financial LLC bought a new position in United Airlines in the 4th quarter worth about $32,000. Whipplewood Advisors LLC purchased a new stake in United Airlines during the 4th quarter valued at about $32,000. Finally, Bell Investment Advisors Inc increased its stake in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.
United Airlines Stock Performance
Shares of UAL stock traded down $11.14 during mid-day trading on Thursday, reaching $60.23. 16,673,188 shares of the company's stock traded hands, compared to its average volume of 7,788,638. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market capitalization of $19.72 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The firm has a 50 day moving average price of $90.32 and a two-hundred day moving average price of $86.68.
United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to analyst estimates 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 for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.00 earnings per share. On average, research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Jefferies Financial Group cut their price target on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday. Susquehanna reissued a "hold" rating on shares of United Airlines in a report on Tuesday, February 25th. Barclays set a $140.00 price target on United Airlines and gave the stock an "overweight" rating in a research note on Wednesday, March 12th. Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped 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. Three equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, United Airlines currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.08.
View Our Latest Stock Analysis on UAL
About United Airlines
(
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.
See Also
Before you consider United Airlines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Airlines wasn't on the list.
While United Airlines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
