RIA Advisory Group LLC Buys New Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

RIA Advisory Group LLC bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,634 shares of the transportation company’s stock, valued at approximately $67,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JB Capital LLC purchased a new stake in United Airlines in the fourth quarter valued at approximately $201,000. NWI Management LP grew its holdings in shares of United Airlines by 69.6% in the third quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock worth $8,249,000 after purchasing an additional 80,000 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of United Airlines by 3,636.1% in the fourth quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock worth $3,393,000 after purchasing an additional 80,030 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of United Airlines by 43.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock worth $12,197,000 after purchasing an additional 89,106 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in United Airlines by 1,993.1% in the third quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock valued at $36,456,000 after acquiring an additional 820,660 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Trading Down 0.1 %

UAL stock opened at $51.38 on Friday. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $58.23. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.76. The company has a market capitalization of $16.89 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 0.52 and a beta of 1.55. The business has a 50 day simple moving average of $44.47 and a two-hundred day simple moving average of $41.49.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.39. The business had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.46 EPS. Research analysts anticipate that United Airlines Holdings, Inc. will post 9.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Bank of America raised their price objective on United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group initiated coverage on shares of United Airlines in a research note on Wednesday, March 20th. They set a “neutral” rating and a $47.00 target price on the stock. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a research report on Thursday. Susquehanna upped their price target on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday. Finally, Raymond James upped their price target on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $66.53.

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.