2,668 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,668 shares of the transportation company’s stock, valued at approximately $259,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new stake in shares of United Airlines during the fourth quarter worth approximately $25,000. Hemington Wealth Management increased its holdings in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of United Airlines during the fourth quarter worth approximately $32,000. Winch Advisory Services LLC acquired a new stake in shares of United Airlines during the fourth quarter worth approximately $38,000. Finally, Blue Trust Inc. increased its holdings in shares of United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after buying an additional 392 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UAL. Citigroup raised their price objective 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. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. UBS Group raised their price target on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Finally, Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Two equities research 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’s stock. According to data from MarketBeat, United Airlines currently has an average rating of “Buy” and a consensus price target of $113.88.

United Airlines Price Performance

Shares of UAL stock opened at $93.81 on Friday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The stock has a market cap of $30.85 billion, a PE ratio of 9.95, a PEG 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 50 day moving average price is $103.00 and its two-hundred day moving average price is $81.35.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $2.00 earnings per share. As a group, analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.