Virtus ETF Advisers LLC Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Virtus ETF Advisers LLC acquired a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,120 shares of the transportation company's stock, valued at approximately $1,468,000. United Airlines comprises about 0.6% of Virtus ETF Advisers LLC's portfolio, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Moody National Bank Trust Division increased its position in shares of United Airlines by 2.1% during the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock valued at $470,000 after acquiring an additional 98 shares in the last quarter. Diversify Advisory Services LLC increased its position in shares of United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock valued at $508,000 after acquiring an additional 101 shares in the last quarter. Metis Global Partners LLC increased its position in shares of United Airlines by 2.0% during the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock valued at $631,000 after acquiring an additional 129 shares in the last quarter. Hemington Wealth Management increased its position in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its position in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on UAL shares. UBS Group raised their price target on shares of United Airlines from $59.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Bank of America cut their target price on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. TD Cowen lifted their target price on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Finally, Morgan Stanley lifted their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, United Airlines currently has an average rating of "Buy" and a consensus target price of $96.60.

United Airlines Stock Performance

NASDAQ:UAL traded up $0.64 during mid-day trading on Monday, hitting $68.84. 4,956,187 shares of the company traded hands, compared to its average volume of 7,532,734. The stock's fifty day moving average price is $74.79 and its 200-day moving average price is $88.09. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The firm has a market cap of $22.48 billion, a price-to-earnings ratio of 7.30, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. Research analysts anticipate 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.