United Wealth Management LLC Takes $380,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

United Wealth Management LLC bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,913 shares of the transportation company’s stock, valued at approximately $380,000. United Airlines makes up about 0.1% of United Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position.

Several other institutional investors have also recently made changes to their positions in the company. Moody National Bank Trust Division increased its holdings in shares of United Airlines by 2.1% during the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after purchasing an additional 98 shares in the last quarter. Diversify Advisory Services LLC grew its stake in United Airlines by 2.2% in the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after acquiring an additional 101 shares during the period. Huntington National Bank grew its stake in 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 acquiring an additional 129 shares during the period. Metis Global Partners LLC grew its stake in United Airlines by 2.0% in the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after acquiring an additional 129 shares during the period. Finally, Hemington Wealth Management grew its stake in United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on UAL shares. Bank of America dropped their price target on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday. Susquehanna reissued a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. TD Cowen lifted their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Raymond James reaffirmed an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Finally, Citigroup lifted their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two investment 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $114.95.

United Airlines Trading Up 5.4 %

Shares of UAL stock opened at $73.67 on Friday. The company’s 50-day moving average price is $99.44 and its 200-day moving average price is $84.34. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. 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 twelve month low of $37.02 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data 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 firm had revenue of $14.70 billion for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $2.00 EPS. As a group, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

United Airlines 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.