Raymond James Financial Inc. Invests $34.23 Million in United Airlines Holdings, Inc. (NASDAQ:UAL)

Raymond James Financial Inc. acquired 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 SEC. The fund acquired 352,468 shares of the transportation company's stock, valued at approximately $34,225,000. Raymond James Financial Inc. owned about 0.11% of United Airlines at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of UAL. Moody National Bank Trust Division grew its holdings in United Airlines by 2.1% in the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock valued at $470,000 after buying an additional 98 shares during the last quarter. Diversify Advisory Services LLC grew its stake in shares of United Airlines by 2.2% in the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock worth $508,000 after acquiring an additional 101 shares during the last quarter. Metis Global Partners LLC increased its position in United Airlines by 2.0% during the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock worth $631,000 after acquiring an additional 129 shares during the period. Hemington Wealth Management raised its stake in United Airlines by 70.8% during 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 last quarter. Finally, Bell Investment Advisors Inc boosted its holdings in United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after purchasing an additional 135 shares during the period. 69.69% of the stock is currently owned by institutional investors.

United Airlines Price Performance

Shares of UAL traded up $1.67 on Tuesday, hitting $66.97. The company's stock had a trading volume of 7,219,211 shares, compared to its average volume of 7,579,325. The company has a 50 day moving average price of $77.68 and a 200 day moving average price of $87.66. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a market capitalization of $21.95 billion, a PE ratio of 7.10, a PEG ratio of 0.67 and a beta of 1.19. 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 announced its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on UAL shares. JPMorgan Chase & Co. boosted 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. Evercore ISI cut their price target on United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Susquehanna decreased their price objective on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Finally, TD Cowen lifted their price target on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday. Three investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $97.14.

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.