Horizon Advisory Services Inc. Invests $400,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Horizon Advisory Services Inc. bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,124 shares of the transportation company's stock, valued at approximately $400,000. United Airlines accounts for about 0.2% of Horizon Advisory Services Inc.'s investment portfolio, making the stock its 13th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. raised its stake in United Airlines by 108.6% in the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company's stock valued at $43,000 after buying an additional 392 shares during the period. International Assets Investment Management LLC raised its stake in United Airlines by 2,351.1% in the 3rd quarter. International Assets Investment Management LLC now owns 91,524 shares of the transportation company's stock valued at $5,222,000 after acquiring an additional 87,790 shares during the period. Allworth Financial LP lifted its holdings in United Airlines by 4.0% during the 3rd quarter. Allworth Financial LP now owns 6,864 shares of the transportation company's stock valued at $392,000 after purchasing an additional 264 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in United Airlines by 41.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,376 shares of the transportation company's stock valued at $1,298,000 after purchasing an additional 6,542 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of United Airlines by 4.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,232 shares of the transportation company's stock valued at $1,211,000 after purchasing an additional 943 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Price Performance

UAL traded up $1.64 on Friday, hitting $93.81. 10,684,886 shares of the stock were exchanged, compared to its average volume of 6,686,070. The firm has a market capitalization of $30.85 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.67 and a beta of 1.43. 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 business has a 50-day moving average of $103.07 and a two-hundred day moving average of $80.98.

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 analysts' consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 EPS. Sell-side analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group restated a "buy" rating and set a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Raymond James reaffirmed an "outperform" rating and issued a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. TD Cowen lifted their price target on United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Finally, Melius Research raised United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, United Airlines currently has an average rating of "Buy" and a consensus price target of $113.88.

United Airlines Company 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.