Transcend Capital Advisors LLC Buys New Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Transcend Capital Advisors LLC bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,602 shares of the transportation company’s stock, valued at approximately $350,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UAL. Bank of Jackson Hole Trust purchased a new stake in United Airlines during the fourth quarter valued at approximately $25,000. Hemington Wealth Management lifted its position in United Airlines by 70.8% during the fourth 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 last quarter. Roxbury Financial LLC purchased a new stake in United Airlines during the fourth quarter valued at approximately $32,000. Winch Advisory Services LLC purchased a new stake in United Airlines during the fourth quarter valued at approximately $38,000. Finally, Blue Trust Inc. lifted its position in United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UAL shares. Morgan Stanley raised their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Citigroup raised their price target on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, UBS Group raised their price target on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $113.88.

United Airlines Stock Down 6.4 %

UAL stock opened at $95.89 on Monday. The firm has a market cap of $31.54 billion, a PE ratio of 10.17, a P/E/G ratio of 0.67 and a beta of 1.43. 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 fifty day moving average is $102.94 and its 200 day moving average is $80.00. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.96 by $0.30. The company 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%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the business earned $2.00 earnings per share. On average, research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS 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.