Virtu Financial LLC Makes New Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Virtu Financial LLC acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 37,829 shares of the transportation company’s stock, valued at approximately $1,841,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UAL. Avantax Advisory Services Inc. lifted its holdings in United Airlines by 11.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,212 shares of the transportation company’s stock worth $463,000 after buying an additional 1,183 shares during the last quarter. Beacon Pointe Advisors LLC boosted its holdings in United Airlines by 35.3% in the fourth quarter. Beacon Pointe Advisors LLC now owns 29,910 shares of the transportation company’s stock valued at $1,234,000 after purchasing an additional 7,797 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in United Airlines in the fourth quarter valued at approximately $268,000. Norges Bank purchased a new position in United Airlines in the fourth quarter valued at approximately $41,114,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in United Airlines during the fourth quarter worth approximately $213,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $52.64 on Wednesday. The stock has a fifty day moving average price of $44.58 and a 200 day moving average price of $47.39. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $56.17. 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 has a market cap of $17.31 billion, a PE ratio of 6.51, a P/E/G ratio of 1.04 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter last year, the business earned $5.03 EPS. The business’s revenue was up 5.7% on a year-over-year basis. Sell-side analysts forecast that United Airlines Holdings, Inc. will post 9.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UAL shares. Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and increased their target price for the company from $54.00 to $65.00 in a research report on Wednesday, May 29th. Redburn Atlantic raised United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Thursday, June 6th. TD Cowen boosted their target price on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Citigroup raised their price target on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $71.68.

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.