Proficio Capital Partners LLC purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 136,523 shares of the transportation company's stock, valued at approximately $137,000.
Other hedge funds have also bought and sold shares of the company. Castle Hook Partners LP lifted its holdings in United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock worth $242,227,000 after purchasing an additional 2,707,442 shares in the last quarter. Rubric Capital Management LP purchased a new position in shares of United Airlines in the third quarter valued at about $63,486,000. Sanders Capital LLC boosted its holdings in United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock valued at $539,650,000 after acquiring an additional 1,040,589 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock worth $177,604,000 after acquiring an additional 908,558 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of United Airlines by 1,492.8% in the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company's stock worth $88,557,000 after purchasing an additional 854,759 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.
Analysts Set New Price Targets
A number of research firms have issued reports on UAL. Melius Research upgraded United Airlines to a "strong-buy" rating in a research note on Monday, December 2nd. Raymond James reiterated an "outperform" rating and set a $130.00 price target (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. TD Cowen lifted their target price on United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Barclays set a $140.00 price target on United Airlines and gave the stock an "overweight" rating in a research report on Wednesday. Finally, UBS Group increased their price objective on shares of United Airlines from $139.00 to $140.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Two 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $114.95.
Read Our Latest Analysis on United Airlines
United Airlines Stock Performance
UAL traded down $2.56 during trading hours on Thursday, hitting $69.90. The company's stock had a trading volume of 10,928,614 shares, compared to its average volume of 7,646,190. The company has a 50-day simple moving average of $100.39 and a 200 day simple moving average of $83.93. 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 $22.88 billion, a PE ratio of 7.41, a PEG ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 32.26% and a net margin of 5.52%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $2.00 EPS. As a group, sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current 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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