Interval Partners LP Acquires New Shares in United Airlines Holdings, Inc. (NASDAQ:UAL)

Interval Partners LP bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,158,604 shares of the transportation company’s stock, valued at approximately $103,354,000. United Airlines comprises about 2.9% of Interval Partners LP’s portfolio, making the stock its biggest holding. Interval Partners LP owned about 0.66% of United Airlines at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital International Investors boosted its position in shares of United Airlines by 2.4% during the 1st quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock worth $885,912,000 after purchasing an additional 429,501 shares during the period. U S Global Investors Inc. raised its holdings in shares of United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after buying an additional 1,005,170 shares during the period. Dimensional Fund Advisors LP lifted its stake in United Airlines by 24.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock worth $170,974,000 after acquiring an additional 812,257 shares in the last quarter. Par Capital Management Inc. boosted its holdings in United Airlines by 7.2% during the 4th quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock valued at $91,737,000 after acquiring an additional 150,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in United Airlines by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,725,062 shares of the transportation company’s stock valued at $71,176,000 after acquiring an additional 26,488 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on UAL shares. Bank of America raised their price objective on shares of United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Raymond James boosted their price target on shares of United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and increased their price objective for the company from $54.00 to $65.00 in a research note on Wednesday, May 29th. StockNews.com raised United Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Susquehanna increased their price target on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.20.

United Airlines Stock Down 0.3 %

Shares of United Airlines stock traded down $0.15 during trading hours on Tuesday, hitting $46.61. The company had a trading volume of 6,800,266 shares, compared to its average volume of 8,950,328. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. The company’s 50-day moving average is $49.38 and its two-hundred day moving average is $46.94. The company has a market cap of $15.33 billion, a P/E ratio of 5.76, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $56.17.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. The firm had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. United Airlines’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $5.03 earnings per share. Analysts anticipate that United Airlines Holdings, Inc. will post 9.62 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.