New Age Alpha Advisors LLC increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 23,449.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,341 shares of the transportation company's stock after buying an additional 55,106 shares during the period. New Age Alpha Advisors LLC's holdings in United Airlines were worth $5,374,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management increased its stake in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of United Airlines in the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC purchased a new stake in shares of United Airlines during the 4th quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc boosted its holdings in United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after buying an additional 135 shares during the period. Institutional investors own 69.69% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on UAL. Barclays set a $140.00 target price on shares of United Airlines and gave the company an "overweight" rating in a report on Wednesday, March 12th. TD Cowen boosted their price objective on United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Susquehanna restated a "hold" rating on shares of United Airlines in a research note on Tuesday, February 25th. Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Finally, Jefferies Financial Group cut their price objective on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $111.75.
View Our Latest Analysis on United Airlines
United Airlines Price Performance
NASDAQ UAL traded up $2.35 during trading hours on Wednesday, reaching $70.55. 3,564,492 shares of the stock traded hands, compared to its average volume of 7,741,123. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The stock has a 50 day simple moving average of $91.91 and a two-hundred day simple moving average of $86.98. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping 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 firm had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the firm posted $2.00 earnings per share. The business's revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.
About United Airlines
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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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