Islay Capital Management LLC acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,132 shares of the transportation company's stock, valued at approximately $790,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of Jackson Hole Trust bought a new position in shares of United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management boosted its holdings 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 buying an additional 131 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of United Airlines in the fourth quarter valued at $32,000. Whipplewood Advisors LLC acquired a new stake in United Airlines in the 4th quarter valued at about $32,000. Finally, Bell Investment Advisors Inc grew its holdings in United Airlines by 60.3% during 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. 69.69% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
UAL has been the topic of a number of research analyst reports. Bank of America dropped their price target 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. JPMorgan Chase & Co. upped their price target 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. UBS Group cut United Airlines from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $107.00 to $59.00 in a report on Monday. Susquehanna lowered their target price on United Airlines from $130.00 to $90.00 and set a "positive" rating on the stock in a research note on Monday. Finally, Barclays decreased their price objective on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $102.15.
Read Our Latest Report on UAL
United Airlines Price Performance
Shares of UAL stock traded down $8.46 on Thursday, hitting $62.37. 7,279,030 shares of the company's stock were exchanged, compared to its average volume of 7,977,500. The stock has a market cap of $20.42 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company has a 50 day moving average of $84.90 and a 200 day moving average of $87.08. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion during the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter in the prior year, the firm earned $2.00 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.
About United Airlines
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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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