Clune & Associates LTD. Purchases New Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Clune & Associates LTD. purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,667 shares of the transportation company’s stock, valued at approximately $356,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in United Airlines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock worth $3,548,797,000 after purchasing an additional 369,500 shares during the last quarter. LPL Financial LLC lifted its stake in United Airlines by 37.0% in the fourth quarter. LPL Financial LLC now owns 169,245 shares of the transportation company’s stock worth $16,434,000 after purchasing an additional 45,701 shares during the last quarter. Richwood Investment Advisors LLC bought a new stake in United Airlines in the fourth quarter worth about $261,000. Fox Run Management L.L.C. bought a new stake in United Airlines in the fourth quarter worth about $607,000. Finally, American Century Companies Inc. lifted its stake in United Airlines by 9.6% in the fourth quarter. American Century Companies Inc. now owns 602,958 shares of the transportation company’s stock worth $58,547,000 after purchasing an additional 52,799 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of UAL opened at $74.87 on Monday. The firm has a market capitalization of $24.51 billion, a PE ratio of 7.94, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. 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 1-year low of $37.02 and a 1-year high of $116.00. The company’s fifty day moving average price is $96.52 and its 200-day moving average price is $85.70.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share 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 analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company 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 year.

Analyst Ratings Changes

UAL has been the topic of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. TD Cowen raised their target price on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Morgan Stanley raised their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, United Airlines has an average rating of “Buy” and a consensus price target of $112.75.

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.