M&T Bank Corp Buys 4,573 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

M&T Bank Corp lifted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 29.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,876 shares of the transportation company’s stock after acquiring an additional 4,573 shares during the period. M&T Bank Corp’s holdings in United Airlines were worth $1,930,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Moody National Bank Trust Division boosted its stake in United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after acquiring an additional 98 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 101 shares during the last quarter. Huntington National Bank boosted its position in shares of United Airlines by 10.8% in the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after purchasing an additional 129 shares in the last quarter. Metis Global Partners LLC grew its stake in United Airlines by 2.0% during the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock worth $631,000 after buying an additional 129 shares during the last quarter. Finally, Hemington Wealth Management increased its position in 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 buying an additional 131 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Trading Down 3.9 %

UAL stock opened at $82.88 on Monday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The firm has a market cap of $27.13 billion, a P/E ratio of 8.79, a PEG ratio of 0.67 and a beta of 1.41. The company’s 50-day simple moving average is $101.72 and its 200-day simple moving average is $83.53.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the business earned $2.00 earnings per share. United Airlines’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on UAL. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price target on shares of United Airlines in a research note on Friday, November 15th. UBS Group boosted their target price on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. upped their target price on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, Barclays raised their target price on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $113.88.

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.