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

Mutual Advisors LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,015 shares of the transportation company’s stock, valued at approximately $620,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York Life Investment Management LLC lifted its position in United Airlines by 0.7% in the 3rd quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock valued at $1,943,000 after acquiring an additional 308 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of United Airlines by 0.4% in the first quarter. Stifel Financial Corp now owns 73,814 shares of the transportation company’s stock valued at $3,266,000 after purchasing an additional 314 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of United Airlines by 5.3% during the second quarter. Captrust Financial Advisors now owns 6,660 shares of the transportation company’s stock valued at $236,000 after buying an additional 334 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in United Airlines by 11.1% during the third quarter. EverSource Wealth Advisors LLC now owns 3,736 shares of the transportation company’s stock worth $158,000 after buying an additional 372 shares in the last quarter. Finally, Signaturefd LLC raised its position in United Airlines by 11.0% in the 3rd quarter. Signaturefd LLC now owns 3,947 shares of the transportation company’s stock valued at $167,000 after buying an additional 392 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Evercore ISI raised shares of United Airlines from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Raymond James reduced their price objective on shares of United Airlines from $68.00 to $65.00 and set an “outperform” rating for the company in a research report on Wednesday, December 20th. Susquehanna raised shares of United Airlines from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $40.00 to $60.00 in a research report on Wednesday, January 10th. Redburn Atlantic lowered United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a report on Tuesday, February 13th. Finally, UBS Group began coverage on United Airlines in a report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $64.93.

United Airlines Stock Performance

NASDAQ:UAL opened at $47.24 on Thursday. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.83 and a quick ratio of 0.76. The business has a fifty day simple moving average of $42.89 and a two-hundred day simple moving average of $41.32. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $58.23. The company has a market capitalization of $15.50 billion, a P/E ratio of 5.99, a P/E/G ratio of 0.61 and a beta of 1.54.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. The business had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. During the same period last year, the business posted $2.46 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts expect that United Airlines Holdings, Inc. will post 9.72 earnings per share 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.