Metis Global Partners LLC Increases Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Metis Global Partners LLC lifted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.0% in the fourth quarter, Holdings Channel reports. The fund owned 6,501 shares of the transportation company’s stock after purchasing an additional 129 shares during the quarter. Metis Global Partners LLC’s holdings in United Airlines were worth $631,000 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. Bank of Jackson Hole Trust bought a new stake in shares of United Airlines in the 4th quarter valued at approximately $25,000. Hemington Wealth Management increased its position in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Roxbury Financial LLC purchased a new stake in United Airlines during the 4th quarter valued at $32,000. Whipplewood Advisors LLC bought a new stake in United Airlines in the fourth quarter worth $32,000. Finally, Winch Advisory Services LLC purchased a new position in United Airlines during the fourth quarter worth $38,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UAL shares. Citigroup increased their target price on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Raymond James reissued an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. TD Cowen increased 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. Finally, UBS Group boosted their price objective on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $113.88.

United Airlines Price Performance

UAL opened at $86.21 on Wednesday. The company has a market capitalization of $28.35 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 0.67 and a beta of 1.43. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The business’s fifty day simple moving average is $102.54 and its 200-day simple moving average is $82.58.

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