2,101 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Bought by Centurion Wealth Management LLC

Centurion Wealth Management LLC bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,101 shares of the transportation company’s stock, valued at approximately $204,000.

Other hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of United Airlines by 6.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 35,901 shares of the transportation company’s stock worth $2,049,000 after purchasing an additional 2,065 shares during the last quarter. Huntington National Bank grew its position in shares of United Airlines by 10.8% in the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after buying an additional 129 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of United Airlines by 8.5% in the third quarter. CIBC Asset Management Inc now owns 47,956 shares of the transportation company’s stock valued at $2,736,000 after buying an additional 3,748 shares during the period. Sheaff Brock Investment Advisors LLC bought a new position in shares of United Airlines during the third quarter worth about $217,000. Finally, Empirical Finance LLC lifted its stake in shares of United Airlines by 1.2% in the third quarter. Empirical Finance LLC now owns 22,128 shares of the transportation company’s stock worth $1,263,000 after acquiring an additional 262 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $73.67 on Monday. 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 firm’s 50-day simple moving average is $99.44 and its 200 day simple moving average is $84.65. The stock has a market cap of $24.12 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL) last announced 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 analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the firm earned $2.00 earnings per share. United Airlines’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UAL has been the subject of a number of recent analyst reports. Barclays set a $140.00 target price on shares of United Airlines and gave the company an “overweight” rating in a research report on Wednesday. Bank of America lowered 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 note on Wednesday, March 12th. TD Cowen upped their price target on shares of 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 lifted their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Susquehanna restated a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $114.95.

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.