Navellier & Associates Inc. Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Navellier & Associates Inc. purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 59,446 shares of the transportation company's stock, valued at approximately $5,772,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of Jackson Hole Trust acquired a new stake in United Airlines in the 4th quarter valued at approximately $25,000. Global Trust Asset Management LLC bought a new position in United Airlines during the third quarter worth $29,000. Hemington Wealth Management raised its stake in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Roxbury Financial LLC bought a new stake in United Airlines in the 4th quarter valued at $32,000. Finally, Winch Advisory Services LLC acquired a new stake in United Airlines in the 4th quarter worth $38,000. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Price Performance

UAL stock traded up $0.82 during midday trading on Wednesday, reaching $97.40. 4,758,469 shares of the company's stock traded hands, compared to its average volume of 6,538,108. The company has a 50-day simple moving average of $103.02 and a two-hundred day simple moving average of $80.79. 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 1-year low of $37.02 and a 1-year high of $116.00. The company has a market cap of $32.03 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 0.67 and a beta of 1.43.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UAL. Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price target on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Raymond James reissued an "outperform" rating and set a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. The Goldman Sachs Group restated a "buy" rating and set a $119.00 price objective on shares of United Airlines in a research report on Friday, November 15th. Finally, Citigroup raised 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. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, United Airlines presently has a consensus rating of "Buy" and an average price target of $113.88.

United Airlines 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.