136,523 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 136,523 shares of the transportation company's stock, valued at approximately $137,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its holdings 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 valued at $88,557,000 after buying an additional 854,759 shares during the period. Holocene Advisors LP grew its stake in United Airlines by 529.7% in the third quarter. Holocene Advisors LP now owns 822,861 shares of the transportation company's stock valued at $46,952,000 after acquiring an additional 692,176 shares during the period. Avala Global LP acquired a new position in United Airlines in the third quarter valued at about $31,075,000. Los Angeles Capital Management LLC acquired a new stake in shares of United Airlines during the fourth quarter worth about $35,235,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of United Airlines by 1,394.3% during the third quarter. Rockefeller Capital Management L.P. now owns 374,503 shares of the transportation company's stock worth $21,368,000 after purchasing an additional 349,441 shares during the period. Institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on UAL. Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday. Bank of America dropped their price objective on shares of United Airlines from $125.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. UBS Group reduced their target price on shares of United Airlines from $140.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. TD Cowen lifted their price target on United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, Susquehanna restated a "hold" rating on shares of United Airlines in a report on Tuesday, February 25th. Three investment 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.75.

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United Airlines Stock Up 4.6 %

Shares of NASDAQ:UAL traded up $3.17 during midday trading on Wednesday, hitting $71.37. The stock had a trading volume of 8,178,285 shares, compared to its average volume of 7,756,648. 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 business's 50-day simple moving average is $91.18 and its 200-day simple moving average is $86.87. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a market cap of $23.36 billion, a P/E ratio of 7.57, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results 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 return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the business earned $2.00 earnings per share. The business's revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

United Airlines Company 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.