Headlands Technologies LLC Makes New $1.31 Million Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Headlands Technologies LLC purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 13,493 shares of the transportation company’s stock, valued at approximately $1,310,000.

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

Wall Street Analyst Weigh In

UAL has been the subject of a number of recent research reports. Jefferies Financial Group lowered their price target on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday. Morgan Stanley raised their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Raymond James reiterated 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. Bank of America decreased their price target on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Finally, TD Cowen upped their price objective on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two 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 MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $111.75.

United Airlines Stock Performance

NASDAQ:UAL opened at $68.20 on Wednesday. The firm’s fifty day simple moving average is $91.91 and its 200 day simple moving average is $86.98. 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 twelve month low of $37.02 and a twelve month high of $116.00. The firm has a market capitalization of $22.32 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The company 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. As a group, equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share 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.