World Investment Advisors 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 & Exchange Commission. The institutional investor bought 4,555 shares of the transportation company's stock, valued at approximately $442,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in United Airlines during the 4th quarter valued at $137,000. State Street Corp boosted its stake in shares of United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company's stock valued at $588,874,000 after purchasing an additional 78,470 shares during the period. Longbow Finance SA bought a new position in shares of United Airlines in the fourth quarter worth about $9,359,000. MidWestOne Financial Group Inc. increased its stake in United Airlines by 28.0% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company's stock worth $3,064,000 after buying an additional 11,743 shares during the period. Finally, KBC Group NV bought a new stake in United Airlines during the 4th quarter valued at about $485,000. Hedge funds and other institutional investors own 69.69% of the company's stock.
United Airlines Stock Performance
United Airlines stock traded up $2.85 during mid-day trading on Friday, reaching $65.60. 8,591,610 shares of the company traded hands, compared to its average volume of 7,979,148. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The firm's fifty day moving average is $83.20 and its two-hundred day moving average is $87.22. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 6.96, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19.
United Airlines (NASDAQ:UAL - Get Free Report) last released its 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. 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 period in the prior year, the firm earned $2.00 EPS. The firm's revenue was up 7.8% on a year-over-year basis. On average, equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently commented on UAL shares. JPMorgan Chase & Co. raised 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. Evercore ISI reduced their price objective on United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday. Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. UBS Group lowered United Airlines from a "buy" rating to a "neutral" rating and cut their price target for the company from $107.00 to $59.00 in a research note on Monday, April 7th. Finally, Morgan Stanley increased their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, United Airlines currently has an average rating of "Moderate Buy" and an average target price of $102.01.
Get Our Latest Stock Analysis on United Airlines
About United Airlines
(
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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