Myriad Asset Management US LP Buys Shares of 17,102 United Airlines Holdings, Inc. (NASDAQ:UAL)

Myriad Asset Management US LP bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 17,102 shares of the transportation company’s stock, valued at approximately $1,661,000. United Airlines makes up approximately 1.1% of Myriad Asset Management US LP’s holdings, making the stock its 25th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in UAL. Global Trust Asset Management LLC acquired a new stake in shares of United Airlines in the third quarter valued at approximately $29,000. Hemington Wealth Management grew its position in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Winch Advisory Services LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at approximately $38,000. Blue Trust Inc. grew its position in shares of United Airlines by 108.6% in the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 392 shares during the last quarter. Finally, Cromwell Holdings LLC grew its position in shares of United Airlines by 31.4% in the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 222 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UAL has been the topic of several research reports. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Susquehanna raised their target price on shares of United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group restated a “buy” rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Morgan Stanley raised their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays raised their target price on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, United Airlines presently has a consensus rating of “Buy” and an average price target of $113.88.

Insider Activity

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

United Airlines Stock Performance

Shares of UAL stock opened at $104.26 on Friday. The company’s fifty day simple moving average is $102.26 and its 200-day simple moving average is $76.95. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The company has a market cap of $34.29 billion, a PE ratio of 11.06, a P/E/G ratio of 0.71 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last issued its 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. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the firm posted $2.00 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that United Airlines Holdings, Inc. will post 13.09 EPS for the current year.

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.