Peregrine Asset Advisers Inc. Makes New Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Peregrine Asset Advisers Inc. purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,923 shares of the transportation company's stock, valued at approximately $478,000.

A number of other hedge funds also recently modified their holdings of UAL. Bank of Jackson Hole Trust acquired a new stake in shares of United Airlines during the 4th quarter valued at about $25,000. Global Trust Asset Management LLC acquired a new stake in United Airlines during the third quarter valued at approximately $29,000. Hemington Wealth Management grew its stake in shares of United Airlines by 70.8% in 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 period. Roxbury Financial LLC acquired a new position in shares of United Airlines in the 4th quarter worth approximately $32,000. Finally, Winch Advisory Services LLC bought a new position in shares of United Airlines during the 4th quarter worth approximately $38,000. Institutional investors own 69.69% of the company's stock.

United Airlines Trading Up 0.8 %

Shares of UAL traded up $0.82 during trading hours on Wednesday, hitting $97.40. 4,758,449 shares of the stock traded hands, compared to its average volume of 6,538,108. The business has a fifty day moving average of $103.02 and a 200-day moving average of $80.79. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $32.03 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43. 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 released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $14.40 billion. During the same period in the prior year, the company posted $2.00 EPS. The company's revenue was up 7.8% compared to the same quarter last year. Analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

UAL has been the subject of several recent analyst reports. Melius Research upgraded United Airlines to a "strong-buy" rating in a research note on Monday, December 2nd. The Goldman Sachs Group reiterated a "buy" rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Raymond James restated an "outperform" rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Finally, UBS Group lifted their target price on shares of United Airlines from $139.00 to $140.00 and gave the company a "buy" rating in a research note on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price 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.