Harvest Fund Management Co. Ltd Has $86,000 Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Harvest Fund Management Co. Ltd grew its position in shares of United Airlines Holdings, Inc. (NASDAQ:UALFree Report) by 3,214.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,022 shares of the transportation company’s stock after buying an additional 1,961 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in United Airlines were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Solstein Capital LLC acquired a new stake in United Airlines in the 2nd quarter worth approximately $27,000. Nemes Rush Group LLC acquired a new stake in United Airlines in the 2nd quarter worth approximately $27,000. Carmichael Hill & Associates Inc. acquired a new stake in United Airlines in the 2nd quarter worth approximately $27,000. Newbridge Financial Services Group Inc. lifted its holdings in United Airlines by 58.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 595 shares of the transportation company’s stock worth $33,000 after purchasing an additional 220 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in United Airlines in the 2nd quarter worth approximately $33,000. 70.37% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Performance

UAL opened at $41.66 on Wednesday. The stock has a market cap of $13.67 billion, a PE ratio of 5.29, a P/E/G ratio of 0.57 and a beta of 1.51. The company has a current ratio of 0.83, a quick ratio of 0.76 and a debt-to-equity ratio of 2.70. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $58.23. The stock’s 50 day simple moving average is $41.07 and its 200-day simple moving average is $43.66.

United Airlines (NASDAQ:UALGet Free Report) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.61 by $0.39. The business had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. United Airlines’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.46 EPS. Sell-side analysts forecast that United Airlines Holdings, Inc. will post 9.8 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on UAL. Bank of America upgraded United Airlines from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $56.00 in a report on Tuesday, January 9th. Raymond James dropped their price target on United Airlines from $68.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 20th. Citigroup dropped their price target on United Airlines from $76.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, October 19th. TD Cowen lifted their price target on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, TheStreet downgraded United Airlines from a “b-” rating to a “c+” rating in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, United Airlines has a consensus rating of “Moderate Buy” and an average target price of $67.14.

Read Our Latest Report on UAL

Insider Activity at United Airlines

In related news, Director James A. C. Kennedy purchased 4,500 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were acquired at an average price of $36.43 per share, with a total value of $163,935.00. Following the purchase, the director now directly owns 27,863 shares in the company, valued at $1,015,049.09. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is owned by insiders.

About United Airlines

(Free Report)

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, training, and maintenance services for third parties.

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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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