NEOS Investment Management LLC raised its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 29.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,530 shares of the transportation company's stock after acquiring an additional 3,726 shares during the quarter. NEOS Investment Management LLC's holdings in United Airlines were worth $1,605,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. WINTON GROUP Ltd boosted its position in United Airlines by 166.1% during the fourth quarter. WINTON GROUP Ltd now owns 123,451 shares of the transportation company's stock worth $11,987,000 after acquiring an additional 77,061 shares during the last quarter. Ausdal Financial Partners Inc. acquired a new position in shares of United Airlines during the 4th quarter worth approximately $347,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of United Airlines in the fourth quarter valued at approximately $36,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at approximately $300,000. Finally, Prudential Financial Inc. lifted its position in United Airlines by 310.2% during the fourth quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company's stock worth $112,996,000 after buying an additional 879,992 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.
United Airlines Stock Down 1.2 %
Shares of UAL traded down $0.85 during mid-day trading on Tuesday, hitting $68.20. 8,521,431 shares of the company's stock were exchanged, compared to its average volume of 7,759,678. The stock's 50-day moving average is $92.76 and its 200-day moving average is $86.85. 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 fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a market cap of $22.32 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 0.67 and a beta of 1.41.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS 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 company had revenue of $14.70 billion during the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter last year, the company posted $2.00 EPS. The firm's revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have issued reports on UAL. Susquehanna reaffirmed a "hold" rating on shares of United Airlines in a research note on Tuesday, February 25th. Barclays set a $140.00 price objective on shares of United Airlines and gave the stock an "overweight" rating in a research report on Wednesday, March 12th. TD Cowen boosted their target price on shares of United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Melius Research upgraded shares of United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. Finally, UBS Group decreased their price objective on United Airlines from $140.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $111.75.
Read Our Latest Stock Analysis on UAL
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.
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