Paragon Associates & Paragon Associates II Joint Venture Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Paragon Associates & Paragon Associates II Joint Venture bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,500 shares of the transportation company's stock, valued at approximately $1,214,000. United Airlines comprises 2.8% of Paragon Associates & Paragon Associates II Joint Venture's investment portfolio, making the stock its 10th biggest position.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in United Airlines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock valued at $3,548,797,000 after buying an additional 369,500 shares during the last quarter. State Street Corp raised its stake in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company's stock valued at $588,874,000 after acquiring an additional 78,470 shares during the period. Geode Capital Management LLC lifted its holdings in shares of United Airlines by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company's stock worth $477,526,000 after acquiring an additional 168,498 shares during the last quarter. Boston Partners purchased a new position in shares of United Airlines during the 4th quarter worth approximately $323,508,000. Finally, Norges Bank acquired a new stake in United Airlines in the 4th quarter valued at approximately $170,732,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group dropped their price objective on United Airlines from $140.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Bank of America dropped their target price on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday. Jefferies Financial Group lowered 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 note on Tuesday. Raymond James downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Finally, TD Cowen increased their target price on shares of United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, United Airlines currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.08.

United Airlines Stock Down 4.3 %

Shares of UAL traded down $2.56 during mid-day trading on Friday, reaching $57.67. The company's stock had a trading volume of 18,018,345 shares, compared to its average volume of 7,824,470. The company's 50 day moving average is $89.38 and its 200 day moving average is $86.97. The stock has a market cap of $18.88 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter last year, the company earned $2.00 earnings per share. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

About United Airlines

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.