Horizon Advisory Services Inc. Acquires New Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Horizon Advisory Services Inc. acquired a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,124 shares of the transportation company’s stock, valued at approximately $400,000. United Airlines accounts for approximately 0.2% of Horizon Advisory Services Inc.’s holdings, making the stock its 13th largest position.

Other large investors also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in United Airlines during the fourth quarter valued at $25,000. Hemington Wealth Management boosted its stake in 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 buying an additional 131 shares during the period. Roxbury Financial LLC purchased a new stake in United Airlines during the fourth quarter valued at about $32,000. Winch Advisory Services LLC purchased a new stake in United Airlines during the fourth quarter valued at about $38,000. Finally, Blue Trust Inc. raised its position in United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 392 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

United Airlines stock opened at $97.77 on Tuesday. The stock’s 50 day simple moving average is $102.98 and its two-hundred day simple moving average is $80.40. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market cap of $32.15 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.67 and a beta of 1.43. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.00 EPS. As a group, analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on UAL shares. TD Cowen raised their price target on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Melius Research upgraded United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. JPMorgan Chase & Co. raised their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Susquehanna raised their price target on United Airlines from $120.00 to $130.00 and gave the company a “positive” rating in a research report on Tuesday, February 4th. Finally, UBS Group raised their price target on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $113.88.

About United Airlines

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.