Horizon Advisory Services Inc. Invests $400,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Horizon Advisory Services Inc. purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,124 shares of the transportation company’s stock, valued at approximately $400,000. United Airlines accounts for approximately 0.2% of Horizon Advisory Services Inc.’s investment portfolio, making the stock its 13th biggest position.

Other hedge funds have also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new position in United Airlines in the 4th quarter valued at approximately $25,000. Hemington Wealth Management lifted its position in United Airlines by 70.8% in the 4th 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. Roxbury Financial LLC purchased a new stake in United Airlines during the 4th quarter valued at $32,000. Winch Advisory Services LLC purchased a new stake in United Airlines during the 4th quarter valued at $38,000. Finally, Blue Trust Inc. raised its stake in United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after buying an additional 392 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UAL has been the subject of a number of research reports. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. UBS Group boosted their target price on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Susquehanna boosted their target price on shares of United Airlines from $120.00 to $130.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. boosted their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Finally, Morgan Stanley upped their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $113.88.

United Airlines Trading Up 2.0 %

Shares of United Airlines stock opened at $97.77 on Tuesday. The company has a market capitalization of $32.15 billion, a P/E ratio of 10.37, a P/E/G 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 company has a fifty day moving average of $102.98 and a 200 day moving average of $80.40. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

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