HighPoint Advisor Group LLC Grows Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

HighPoint Advisor Group LLC lifted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 621.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,663 shares of the transportation company’s stock after purchasing an additional 28,136 shares during the quarter. HighPoint Advisor Group LLC’s holdings in United Airlines were worth $3,374,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Bank of Jackson Hole Trust purchased a new position in United Airlines in the 4th quarter worth $25,000. Hemington Wealth Management increased its holdings in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 shares during the period. Roxbury Financial LLC bought a new stake in shares of United Airlines in the 4th quarter valued at about $32,000. Whipplewood Advisors LLC purchased a new stake in United Airlines during the 4th quarter valued at about $32,000. Finally, Bell Investment Advisors Inc grew its position in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UAL. TD Cowen boosted their price objective on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Morgan Stanley upped their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. UBS Group cut their price target on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Barclays set a $140.00 target price on shares of United Airlines and gave the stock an “overweight” rating in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $112.75.

United Airlines Trading Down 4.5 %

NASDAQ:UAL opened at $70.23 on Monday. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The stock has a market cap of $22.99 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 0.67 and a beta of 1.41. The company’s 50 day moving average price is $93.52 and its 200-day moving average price is $86.72. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.00 EPS. On average, equities research analysts forecast 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.