Longbow Finance SA Makes New Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Longbow Finance SA bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, Holdings Channel.com reports. The fund bought 96,385 shares of the transportation company’s stock, valued at approximately $9,359,000. United Airlines accounts for 1.0% of Longbow Finance SA’s investment portfolio, making the stock its 25th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in shares of United Airlines during the 4th quarter valued at $35,235,000. Horizon Advisory Services Inc. acquired a new stake in shares of United Airlines during the 4th quarter valued at $400,000. TCW Group Inc. lifted its position in shares of United Airlines by 18.8% during the 4th quarter. TCW Group Inc. now owns 52,562 shares of the transportation company’s stock valued at $5,104,000 after acquiring an additional 8,314 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of United Airlines by 2,276.5% during the 4th quarter. First Horizon Advisors Inc. now owns 808 shares of the transportation company’s stock valued at $78,000 after acquiring an additional 774 shares during the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in United Airlines during the 4th quarter valued at $5,772,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Trading Up 2.0 %

United Airlines stock opened at $97.77 on Tuesday. 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 company has a market capitalization of $32.15 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 0.67 and a beta of 1.43. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The company’s fifty day moving average price is $102.98 and its two-hundred day moving average price is $80.40.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the business posted $2.00 earnings per share. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UAL. 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. TD Cowen boosted their target price 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. 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. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, Citigroup upped their price target on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $113.88.

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.