Centurion Wealth Management LLC Acquires Shares of 2,101 United Airlines Holdings, Inc. (NASDAQ:UAL)

Centurion Wealth Management LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 2,101 shares of the transportation company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Moody National Bank Trust Division increased its position in United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after buying an additional 98 shares during the last quarter. Diversify Advisory Services LLC grew its stake in shares of United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock worth $508,000 after acquiring an additional 101 shares during the period. Huntington National Bank increased its holdings in United Airlines by 10.8% in the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after acquiring an additional 129 shares during the last quarter. Metis Global Partners LLC raised its stake in United Airlines by 2.0% in the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after acquiring an additional 129 shares during the period. Finally, Hemington Wealth Management lifted its holdings in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Morgan Stanley upped their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Bank of America dropped their target price on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Barclays set a $140.00 price objective on United Airlines and gave the stock an “overweight” rating in a report on Wednesday. Finally, Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $114.95.

United Airlines Trading Up 5.4 %

NASDAQ UAL opened at $73.67 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The stock’s 50-day simple moving average is $99.44 and its two-hundred day simple moving average is $84.65. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a market capitalization of $24.12 billion, a price-to-earnings ratio of 7.81, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data 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 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%. United Airlines’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $2.00 EPS. Research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

About United Airlines

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.