FDx Advisors Inc. Invests $262,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

FDx Advisors Inc. purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,698 shares of the transportation company’s stock, valued at approximately $262,000.

A number of other hedge funds also recently added to or reduced their stakes in UAL. Moody National Bank Trust Division grew its stake in shares of United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after acquiring an additional 98 shares during the period. Diversify Advisory Services LLC lifted its position in United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 101 shares during the period. Huntington National Bank grew its position in United Airlines by 10.8% in the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after purchasing an additional 129 shares during the period. Hemington Wealth Management raised its stake in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after buying an additional 131 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of United Airlines by 25.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock valued at $69,000 after buying an additional 142 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Price Performance

NASDAQ:UAL opened at $95.89 on Friday. The stock has a market cap of $31.54 billion, a PE ratio of 10.17, a P/E/G ratio of 0.70 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The business’s 50-day simple moving average is $102.92 and its two-hundred day simple moving average is $79.03. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL) last posted its quarterly 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. 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 period in the previous year, the firm earned $2.00 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays raised their price target on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Morgan Stanley increased their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upped their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $113.88.

About United Airlines

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.