Signature Estate & Investment Advisors LLC Makes New $300,000 Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Signature Estate & Investment Advisors LLC bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, Holdings Channel.com reports. The fund bought 3,091 shares of the transportation company’s stock, valued at approximately $300,000.

A number of other hedge funds have also recently made changes to their positions in UAL. Vanguard Group Inc. lifted its holdings in United Airlines by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock valued at $3,548,797,000 after buying an additional 369,500 shares in the last quarter. State Street Corp raised its stake in shares of United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after acquiring an additional 78,470 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of United Airlines by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after purchasing an additional 168,498 shares during the period. Castle Hook Partners LP grew its stake in United Airlines by 176.1% in the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after purchasing an additional 2,707,442 shares in the last quarter. Finally, Boston Partners purchased a new position in United Airlines during the 4th quarter worth $323,508,000. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on UAL shares. JPMorgan Chase & Co. increased their price target on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Morgan Stanley increased their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Raymond James restated an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Bank of America dropped their price objective on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Finally, Susquehanna reissued a “hold” rating on shares of United Airlines in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $112.75.

United Airlines Stock Down 1.3 %

United Airlines stock opened at $77.87 on Thursday. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The business has a fifty day moving average price of $94.92 and a 200-day moving average price of $86.12. 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 stock has a market capitalization of $25.49 billion, a price-to-earnings ratio of 8.26, a PEG ratio of 0.67 and a beta of 1.41.

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, topping the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the company earned $2.00 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 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.