8,132 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Bought by Islay Capital Management LLC

Islay Capital Management LLC acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, Holdings Channel.com reports. The firm acquired 8,132 shares of the transportation company’s stock, valued at approximately $790,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. Boston Partners purchased a new position in United Airlines in the fourth quarter valued at about $323,508,000. Norges Bank purchased a new position in shares of United Airlines during the 4th quarter valued at approximately $170,732,000. Prudential Financial Inc. grew its position in shares of United Airlines by 310.2% during the fourth quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company’s stock worth $112,996,000 after buying an additional 879,992 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of United Airlines by 1,492.8% in the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock worth $88,557,000 after buying an additional 854,759 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in United Airlines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock valued at $3,548,797,000 after acquiring an additional 369,500 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Down 4.3 %

Shares of United Airlines stock opened at $57.67 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The business’s fifty day moving average price is $89.38 and its two-hundred day moving average price is $86.73. The company has a market capitalization of $18.88 billion, a P/E ratio of 6.12, a PEG ratio of 0.67 and a beta of 1.19.

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 analysts’ consensus estimates of $2.96 by $0.30. The company 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 company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $2.00 earnings per share. As a group, research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UAL shares. TD Cowen raised their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Susquehanna reissued a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. JPMorgan Chase & Co. upped their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Bank of America decreased their target price on United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Raymond James lowered United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, United Airlines has an average rating of “Moderate Buy” and a consensus target price of $111.08.

United Airlines Company 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.