Peregrine Asset Advisers Inc. Acquires New Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Peregrine Asset Advisers Inc. bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, HoldingsChannel reports. The firm bought 4,923 shares of the transportation company’s stock, valued at approximately $478,000.

Several other hedge funds also recently bought and sold shares of UAL. Bank of Jackson Hole Trust bought a new stake in shares of United Airlines in the 4th quarter valued at $25,000. Global Trust Asset Management LLC acquired a new position in United Airlines in the third quarter valued at about $29,000. 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 acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of United Airlines during the fourth quarter worth about $32,000. Finally, Winch Advisory Services LLC bought a new position in shares of United Airlines during the 4th quarter valued at about $38,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Performance

Shares of UAL stock opened at $95.89 on Friday. The company has a fifty day moving average price of $102.92 and a two-hundred day moving average price of $79.03. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The stock has a market cap of $31.54 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.67 and a beta of 1.43. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

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. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the business posted $2.00 EPS. As a group, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on UAL. Melius Research raised United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. TD Cowen increased their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Susquehanna increased their target price on United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley boosted their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $113.88.

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.