United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC lifted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 422.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,776 shares of the transportation company’s stock after acquiring an additional 15,181 shares during the quarter. United Airlines accounts for about 0.2% of Counterpoint Mutual Funds LLC’s holdings, making the stock its 19th biggest position. Counterpoint Mutual Funds LLC’s holdings in United Airlines were worth $1,823,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Jackson Hole Trust acquired a new position in United Airlines during the fourth quarter worth about $25,000. Hemington Wealth Management raised its position in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Roxbury Financial LLC purchased a new stake in United Airlines in the 4th quarter valued at approximately $32,000. Whipplewood Advisors LLC purchased a new position in United Airlines during the fourth quarter worth $32,000. Finally, Bell Investment Advisors Inc raised its holdings in shares of United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after acquiring an additional 135 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UAL. 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 research note on Tuesday, November 26th. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. UBS Group increased their price target on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Morgan Stanley lifted their price objective on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Bank of America reduced their target price on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Two investment 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $114.95.

United Airlines Stock Up 5.4 %

Shares of NASDAQ UAL opened at $73.67 on Monday. The stock has a fifty day moving average price of $99.44 and a 200 day moving average price of $84.65. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a market cap of $24.12 billion, a P/E ratio of 7.81, a P/E/G ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last announced its 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. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the business posted $2.00 EPS. The company’s revenue was up 7.8% on a year-over-year basis. Research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal 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.