Dorsey Wright & Associates Invests $1.36 Million in United Airlines Holdings, Inc. (NASDAQ:UAL)

Dorsey Wright & Associates acquired a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,969 shares of the transportation company’s stock, valued at approximately $1,356,000.

A number of other large investors have also added to or reduced their stakes in UAL. Vanguard Group Inc. lifted its stake in shares of United Airlines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock worth $3,548,797,000 after buying an additional 369,500 shares in the last quarter. State Street Corp lifted its position in United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after acquiring an additional 78,470 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of United Airlines by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock worth $477,526,000 after purchasing an additional 168,498 shares in the last quarter. Boston Partners bought a new stake in shares of United Airlines in the 4th quarter worth $323,508,000. Finally, Norges Bank bought a new position in shares of United Airlines during the fourth quarter valued at $170,732,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Morgan Stanley boosted their target price on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Barclays set a $140.00 price objective on shares of United Airlines and gave the company an “overweight” rating in a research report on Wednesday, March 12th. Bank of America cut their target price on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Susquehanna reissued a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Two research 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 MarketBeat.com, United Airlines presently has an average rating of “Buy” and a consensus price target of $112.75.

United Airlines Trading Down 4.5 %

Shares of UAL stock opened at $70.23 on Friday. 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 fifty day simple moving average of $93.52 and a two-hundred day simple moving average of $86.45. The firm has a market capitalization of $22.99 billion, a PE ratio of 7.45, a PEG ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.

United Airlines (NASDAQ:UAL) last issued 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 company 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 company earned $2.00 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

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.