Paragon Associates & Paragon Associates II Joint Venture Invests $1.21 Million in United Airlines Holdings, Inc. (NASDAQ:UAL)

Paragon Associates & Paragon Associates II Joint Venture acquired a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 12,500 shares of the transportation company's stock, valued at approximately $1,214,000. United Airlines accounts for approximately 2.8% of Paragon Associates & Paragon Associates II Joint Venture's investment portfolio, making the stock its 10th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in UAL. Bank of Jackson Hole Trust purchased a new stake in United Airlines in the 4th quarter worth approximately $25,000. Hemington Wealth Management raised its stake in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of United Airlines in the 4th quarter valued at $32,000. Whipplewood Advisors LLC bought a new stake in United Airlines in the fourth quarter worth $32,000. Finally, Bell Investment Advisors Inc grew 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 valued at $35,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

UAL traded up $3.17 during trading on Wednesday, hitting $71.37. The company's stock had a trading volume of 8,178,285 shares, compared to its average volume of 7,756,585. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The business's 50 day simple moving average is $91.18 and its 200-day simple moving average is $86.87. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The firm has a market cap of $23.36 billion, a PE ratio of 7.57, a P/E/G ratio of 0.67 and a beta of 1.41.

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United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts' consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analysts' expectations 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 quarter last year, the business earned $2.00 EPS. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UAL has been the topic of several recent research reports. Barclays set a $140.00 price target on United Airlines and gave the stock an "overweight" rating in a research report on Wednesday, March 12th. Jefferies Financial Group dropped their target price on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday. TD Cowen boosted their price target on United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Susquehanna reaffirmed a "hold" rating on shares of United Airlines in a research report on Tuesday, February 25th. Finally, Raymond James lowered United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday. 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $111.75.

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.