West Michigan Advisors LLC Takes $385,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

West Michigan Advisors LLC acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,964 shares of the transportation company’s stock, valued at approximately $385,000.

Several other hedge funds also recently modified their holdings of the business. Moody National Bank Trust Division boosted its position in shares of United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after acquiring an additional 98 shares during the period. Diversify Advisory Services LLC boosted its position in shares of United Airlines by 2.2% in the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after acquiring an additional 101 shares during the period. Huntington National Bank boosted its position in shares of United Airlines by 10.8% in the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 129 shares during the period. Hemington Wealth Management raised its stake in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of United Airlines by 25.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 142 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on UAL shares. Susquehanna restated a “hold” rating on shares of United Airlines in a research note on Tuesday. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. UBS Group upped their target price on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Raymond James restated an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their target price on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $113.88.

United Airlines Stock Performance

Shares of NASDAQ:UAL opened at $93.81 on Friday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The firm has a market cap of $30.85 billion, a PE ratio of 9.95, a price-to-earnings-growth 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 business has a fifty day moving average of $103.00 and a 200-day moving average of $81.35.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.00 earnings per share. On average, equities research 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.