Bogart Wealth LLC Has $76,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Bogart Wealth LLC lessened its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 46.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 785 shares of the transportation company’s stock after selling 675 shares during the period. Bogart Wealth LLC’s holdings in United Airlines were worth $76,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Asset Management One Co. Ltd. lifted its stake in shares of United Airlines by 24.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 8,094 shares of the transportation company’s stock valued at $807,000 after buying an additional 1,607 shares during the period. Hemington Wealth Management lifted its stake 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 buying an additional 131 shares during the period. Park Capital Management LLC WI bought a new position in United Airlines during the fourth quarter worth about $227,000. Gladstone Institutional Advisory LLC bought a new position in United Airlines during the fourth quarter worth about $636,000. Finally, Cigna Investments Inc. New bought a new position in United Airlines during the fourth quarter worth about $273,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of United Airlines stock opened at $104.26 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market cap of $34.29 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.71 and a beta of 1.43. The firm has a 50 day simple moving average of $102.26 and a 200 day simple moving average of $76.95. 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 quarterly earnings results 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 business had revenue of $14.70 billion during 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%. United Airlines’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.00 earnings per share. Sell-side analysts predict that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on UAL shares. Barclays raised their price target on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Susquehanna raised their price target on shares of United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. UBS Group raised their price target on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Finally, TD Cowen raised their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Airlines currently has an average rating of “Buy” and an average price target of $113.88.

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.