96,385 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Acquired by Longbow Finance SA

Longbow Finance SA purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 96,385 shares of the transportation company’s stock, valued at approximately $9,359,000. United Airlines comprises 1.0% of Longbow Finance SA’s holdings, making the stock its 25th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in UAL. Bank of Jackson Hole Trust acquired a new stake in United Airlines during the 4th quarter worth approximately $25,000. Hemington Wealth Management lifted its position in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after acquiring an additional 131 shares during the period. Roxbury Financial LLC acquired a new stake in United Airlines during the 4th quarter worth approximately $32,000. Winch Advisory Services LLC acquired a new stake in United Airlines during the 4th quarter worth approximately $38,000. Finally, Blue Trust Inc. lifted its holdings in shares of United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after buying an additional 392 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on UAL shares. Citigroup raised their price target on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen raised their price target on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Susquehanna raised their price target on United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research report on Tuesday, February 4th. Barclays lifted their price objective on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Melius Research upgraded United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $113.88.

United Airlines Trading Up 2.0 %

NASDAQ:UAL opened at $97.77 on Tuesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The business’s 50-day simple moving average is $102.98 and its 200 day simple moving average is $80.40. The stock has a market cap of $32.15 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. The firm 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%. United Airlines’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 earnings per share. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

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.