West Michigan Advisors LLC Buys New Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

West Michigan Advisors LLC acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,964 shares of the transportation company's stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of UAL. Castle Hook Partners LP lifted its holdings in shares of United Airlines by 176.1% in the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock valued at $242,227,000 after purchasing an additional 2,707,442 shares in the last quarter. Rubric Capital Management LP bought a new position in United Airlines during the 3rd quarter valued at $63,486,000. Sanders Capital LLC boosted its holdings in United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock worth $539,650,000 after acquiring an additional 1,040,589 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 raised its holdings in shares of United Airlines by 1,492.8% in the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company's stock valued at $88,557,000 after purchasing an additional 854,759 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Barclays boosted their price target on shares of United Airlines from $75.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. The Goldman Sachs Group restated a "buy" rating and issued a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. TD Cowen lifted their price target on United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Melius Research raised United Airlines to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, Susquehanna reaffirmed a "hold" rating on shares of United Airlines in a research report on Tuesday, February 25th. Two 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 stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $113.88.

United Airlines Stock Performance

UAL traded up $5.06 on Wednesday, hitting $91.27. The company's stock had a trading volume of 8,801,059 shares, compared to its average volume of 7,501,779. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The firm has a market cap of $30.02 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43. 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 company's 50 day simple moving average is $102.54 and its 200-day simple moving average is $82.58.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS 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 during the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the company earned $2.00 earnings per share. The business's revenue for the quarter was up 7.8% on a year-over-year basis. Analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.