West Michigan Advisors LLC Makes New $385,000 Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

West Michigan Advisors LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, HoldingsChannel.com reports. The firm bought 3,964 shares of the transportation company’s stock, valued at approximately $385,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust bought a new position in shares of United Airlines during the 4th quarter valued at about $25,000. Hemington Wealth Management lifted its holdings in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of United Airlines during the 4th quarter valued at about $32,000. Roxbury Financial LLC bought a new position in shares of United Airlines during the 4th quarter valued at about $32,000. Finally, Winch Advisory Services LLC bought a new position in shares of United Airlines during the 4th quarter valued at about $38,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Up 1.8 %

NASDAQ:UAL opened at $93.81 on Friday. The firm has a market capitalization of $30.85 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The stock’s 50 day moving average price is $103.00 and its two-hundred day moving average price is $81.35. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last posted 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. The firm had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.00 EPS. Equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UAL has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Susquehanna reiterated a “hold” rating on shares of United Airlines in a report on Tuesday. UBS Group lifted their price objective on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Barclays lifted their target price on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $113.88.

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.