147,373 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Bought by Knightsbridge Asset Management LLC

Knightsbridge Asset Management LLC bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 147,373 shares of the transportation company's stock, valued at approximately $14,310,000. United Airlines comprises approximately 3.3% of Knightsbridge Asset Management LLC's portfolio, making the stock its 6th largest position.

A number of other institutional investors have also recently bought and sold shares of UAL. Bank of Jackson Hole Trust purchased a new stake in shares of United Airlines during the 4th quarter worth about $25,000. Hemington Wealth Management boosted its position in United Airlines by 70.8% during 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 period. Roxbury Financial LLC purchased a new stake in United Airlines during the 4th quarter worth $32,000. Whipplewood Advisors LLC purchased a new position in United Airlines in the fourth quarter valued at about $32,000. Finally, Bell Investment Advisors Inc lifted its stake in shares of 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 in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of recent analyst reports. Cowen reiterated a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a report on Tuesday, April 22nd. 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 report on Thursday, January 9th. Morgan Stanley upped their price objective on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, Barclays reduced their price target on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $96.60.

United Airlines Stock Down 1.2 %

Shares of UAL traded down $0.85 during trading hours on Friday, reaching $68.20. The company's stock had a trading volume of 5,613,237 shares, compared to its average volume of 7,543,078. The company has a 50 day moving average of $75.55 and a two-hundred day moving average of $88.04. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The firm has a market cap of $22.27 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 0.67 and a beta of 1.19. 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 (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. As a group, research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

About United Airlines

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.