Quest Partners LLC Has $37,000 Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Quest Partners LLC increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 3,504.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 757 shares of the transportation company’s stock after buying an additional 736 shares during the quarter. Quest Partners LLC’s holdings in United Airlines were worth $37,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of UAL. BNP Paribas acquired a new stake in United Airlines during the first quarter worth about $25,000. Fidelis Capital Partners LLC acquired a new stake in United Airlines in the first quarter valued at about $27,000. Crewe Advisors LLC bought a new position in United Airlines in the first quarter valued at about $32,000. UMB Bank n.a. raised its stake in United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after acquiring an additional 255 shares in the last quarter. Finally, GoalVest Advisory LLC bought a new position in shares of United Airlines in the first quarter worth about $33,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on UAL shares. TD Cowen increased their price objective on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Jefferies Financial Group upgraded shares of United Airlines from a “hold” rating to a “buy” rating and lifted their target price for the stock from $54.00 to $65.00 in a research report on Wednesday, May 29th. Citigroup boosted their price objective on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Redburn Atlantic raised United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Stock Down 0.7 %

United Airlines stock opened at $52.59 on Friday. The company has a market capitalization of $17.29 billion, a PE ratio of 6.50, a PEG ratio of 1.08 and a beta of 1.43. The firm’s fifty day moving average is $44.83 and its 200 day moving average is $47.46. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $56.17.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. The firm had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $5.03 earnings per share. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 9.73 EPS for the current fiscal year.

United Airlines 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.