United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Acquired by Versor Investments LP

Versor Investments LP raised its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 43.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,600 shares of the transportation company’s stock after purchasing an additional 2,300 shares during the period. Versor Investments LP’s holdings in United Airlines were worth $738,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UAL. Proficio Capital Partners LLC purchased a new stake in shares of United Airlines during the fourth quarter valued at $137,000. Oppenheimer & Co. Inc. purchased a new stake in shares of United Airlines during the fourth quarter valued at $267,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of United Airlines during the fourth quarter valued at $1,001,000. New York Life Investment Management LLC grew its holdings in shares of United Airlines by 0.8% during the fourth quarter. New York Life Investment Management LLC now owns 43,145 shares of the transportation company’s stock valued at $4,189,000 after buying an additional 323 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in shares of United Airlines during the fourth quarter valued at $32,000. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Trading Up 1.8 %

UAL stock opened at $93.81 on Friday. The company’s 50-day simple moving average is $103.00 and its 200-day simple moving average is $81.35. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The firm has a market cap of $30.85 billion, a P/E ratio of 9.95, a PEG ratio of 0.67 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the prior year, the company posted $2.00 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on UAL. JPMorgan Chase & Co. boosted their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company 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. Raymond James reaffirmed an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. TD Cowen upped their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Morgan Stanley upped their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $113.88.

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.