Lake Street Advisors Group LLC Invests $259,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Lake Street Advisors Group LLC purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,668 shares of the transportation company’s stock, valued at approximately $259,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new stake in United Airlines in the 4th quarter valued at $25,000. Hemington Wealth Management lifted its position in United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC bought a new stake in United Airlines in the 4th quarter valued at $32,000. Winch Advisory Services LLC bought a new stake in United Airlines in the 4th quarter valued at $38,000. Finally, Blue Trust Inc. lifted its position in United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 392 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on UAL. UBS Group boosted their price objective on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Morgan Stanley boosted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Citigroup lifted their price target on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. TD Cowen lifted their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Raymond James reiterated an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $113.88.

United Airlines Stock Up 1.8 %

United Airlines stock opened at $93.81 on Friday. The firm has a market capitalization of $30.85 billion, a PE ratio of 9.95, a P/E/G ratio of 0.67 and a beta of 1.43. The company’s 50-day moving average is $103.00 and its 200-day moving average is $81.35. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. 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 (NASDAQ:UAL) last released its quarterly earnings data 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 company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 EPS. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

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.