Clune & Associates LTD. Purchases Shares of 3,667 United Airlines Holdings, Inc. (NASDAQ:UAL)

Clune & Associates LTD. bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,667 shares of the transportation company’s stock, valued at approximately $356,000.

Several other hedge funds have also modified their holdings of UAL. Boston Partners purchased a new stake in shares of United Airlines during the 4th quarter worth about $323,508,000. Castle Hook Partners LP boosted its stake in shares of United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after acquiring an additional 2,707,442 shares in the last quarter. Rubric Capital Management LP purchased a new stake in shares of United Airlines during the 3rd quarter worth about $63,486,000. Sanders Capital LLC boosted its stake in shares of United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after acquiring an additional 1,040,589 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after acquiring an additional 908,558 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Performance

Shares of UAL stock opened at $74.87 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. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The stock has a market capitalization of $24.51 billion, a PE ratio of 7.94, a P/E/G ratio of 0.67 and a beta of 1.41. The firm has a 50 day moving average of $96.52 and a two-hundred day moving average of $85.70.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter last year, the company posted $2.00 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Raymond James reissued an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Dbs Bank upgraded shares of 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 target on shares of United Airlines and gave the stock an “overweight” rating in a research report on Wednesday, March 12th. UBS Group reduced their price target on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday. Finally, TD Cowen upped their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $112.75.

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.