M&T Bank Corp boosted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,876 shares of the transportation company's stock after buying an additional 4,573 shares during the quarter. M&T Bank Corp's holdings in United Airlines were worth $1,930,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. Atria Investments Inc grew its holdings in United Airlines by 175.2% during the fourth quarter. Atria Investments Inc now owns 11,304 shares of the transportation company's stock valued at $1,098,000 after purchasing an additional 7,196 shares during the period. Assetmark Inc. increased its holdings in United Airlines by 26,095.6% in the 4th quarter. Assetmark Inc. now owns 23,838 shares of the transportation company's stock worth $2,315,000 after acquiring an additional 23,747 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in United Airlines by 122.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,588 shares of the transportation company's stock valued at $737,000 after acquiring an additional 4,174 shares during the period. Schechter Investment Advisors LLC purchased a new stake in United Airlines during the fourth quarter valued at about $594,000. Finally, Meridian Wealth Management LLC bought a new position in United Airlines during the fourth quarter worth about $256,000. Hedge funds and other institutional investors own 69.69% of the company's stock.
United Airlines Price Performance
United Airlines stock traded down $5.26 during mid-day trading on Monday, hitting $77.62. 16,274,330 shares of the company traded hands, compared to its average volume of 7,594,539. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The stock has a market cap of $25.41 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The stock has a fifty day moving average price of $101.72 and a 200-day moving average price of $83.53.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data 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. 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 revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 EPS. On average, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
UAL has been the topic of several research reports. Melius Research raised shares of United Airlines to a "strong-buy" rating in a research report on Monday, December 2nd. Susquehanna reissued a "hold" rating on shares of United Airlines in a report on Tuesday, February 25th. Citigroup increased their target price on United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Barclays lifted their price target on United Airlines from $75.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price objective on United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $113.88.
View Our Latest Report on United Airlines
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
