Meridian Wealth Management LLC Makes New $256,000 Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Meridian Wealth Management LLC acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,633 shares of the transportation company’s stock, valued at approximately $256,000.

Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp raised its position in United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after acquiring an additional 78,470 shares during the period. Sanders Capital LLC raised its position in shares of United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after purchasing an additional 1,040,589 shares during the period. Geode Capital Management LLC raised its position in shares of United Airlines by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after purchasing an additional 168,498 shares during the period. Castle Hook Partners LP raised its position in shares of United Airlines by 176.1% in the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after purchasing an additional 2,707,442 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares during the period. Institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UAL. UBS Group boosted their price target on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley boosted their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price target on shares of United Airlines in a research report on Friday, November 15th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $113.88.

United Airlines Price Performance

UAL stock opened at $91.27 on Thursday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The stock has a market cap of $29.88 billion, a PE ratio of 9.68, a P/E/G ratio of 0.67 and a beta of 1.41. The firm has a 50 day simple moving average of $102.34 and a two-hundred day simple moving average of $82.64.

United Airlines (NASDAQ:UAL) last released 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 net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the company earned $2.00 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

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.