Kingswood Wealth Advisors LLC acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,594 shares of the transportation company’s stock, valued at approximately $224,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. International Assets Investment Management LLC lifted its stake in shares of United Airlines by 3,636.1% during the fourth quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock valued at $3,393,000 after acquiring an additional 80,030 shares during the period. Allworth Financial LP lifted its stake in shares of United Airlines by 7.5% during the fourth quarter. Allworth Financial LP now owns 6,114 shares of the transportation company’s stock valued at $252,000 after acquiring an additional 429 shares during the period. Stratos Wealth Partners LTD. lifted its stake in shares of United Airlines by 5.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 17,434 shares of the transportation company’s stock valued at $719,000 after acquiring an additional 932 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of United Airlines by 48.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,571 shares of the transportation company’s stock valued at $2,912,000 after acquiring an additional 23,000 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of United Airlines by 20.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 25,818 shares of the transportation company’s stock valued at $1,065,000 after acquiring an additional 4,462 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. Citigroup upped their price objective on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and lifted their target price for the company from $54.00 to $65.00 in a research report on Wednesday, May 29th. Morgan Stanley lifted their target price on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Wolfe Research raised United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 target price on the stock in a research report on Friday, May 17th. Finally, Bank of America lifted their target price on United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.68
United Airlines Stock Performance
UAL opened at $41.18 on Friday. The business has a fifty day simple moving average of $47.71 and a 200 day simple moving average of $46.96. The company has a market capitalization of $13.54 billion, a PE ratio of 5.09, a price-to-earnings-growth ratio of 0.63 and a beta of 1.44. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $56.17. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71.
United Airlines (NASDAQ:UAL – Get Free Report) last released its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.17. The business had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $5.03 EPS. Research analysts expect that United Airlines Holdings, Inc. will post 9.62 EPS for the current year.