Islay Capital Management LLC Acquires New Shares in United Airlines Holdings, Inc. (NASDAQ:UAL)

Islay Capital Management LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,132 shares of the transportation company's stock, valued at approximately $790,000.

Other large investors also recently bought and sold shares of the company. Moody National Bank Trust Division raised its position in shares of United Airlines by 2.1% during the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock worth $470,000 after purchasing an additional 98 shares during the last quarter. Diversify Advisory Services LLC raised its holdings in shares of United Airlines by 2.2% in the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock worth $508,000 after acquiring an additional 101 shares during the last quarter. Metis Global Partners LLC lifted its position in shares of United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock valued at $631,000 after acquiring an additional 129 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. Finally, Bell Investment Advisors Inc increased its position in United Airlines by 60.3% during 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 in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UAL shares. Raymond James downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday. TD Cowen lifted their target price on shares of United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. 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. Morgan Stanley lifted their price objective on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. raised their price target on United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Three 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 has an average rating of "Moderate Buy" and an average target price of $111.08.

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United Airlines Trading Down 4.3 %

Shares of UAL stock opened at $57.67 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The firm's 50 day moving average price is $89.38 and its two-hundred day moving average price is $86.73. The stock has a market cap of $18.88 billion, a price-to-earnings ratio of 6.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the business posted $2.00 EPS. The business's quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.

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