Independent Advisor Alliance Grows Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Independent Advisor Alliance raised its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 57.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 28,149 shares of the transportation company’s stock after acquiring an additional 10,268 shares during the period. Independent Advisor Alliance’s holdings in United Airlines were worth $2,733,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC grew its position in shares of United Airlines by 1.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company’s stock valued at $1,278,000 after acquiring an additional 248 shares during the period. Principal Financial Group Inc. grew its position in shares of United Airlines by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company’s stock valued at $21,581,000 after acquiring an additional 11,601 shares during the period. Venturi Wealth Management LLC grew its position in shares of United Airlines by 43.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,230 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 373 shares during the period. Entropy Technologies LP grew its position in shares of United Airlines by 163.8% during the 3rd quarter. Entropy Technologies LP now owns 45,841 shares of the transportation company’s stock valued at $2,616,000 after acquiring an additional 28,462 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of United Airlines by 91.6% during the 3rd quarter. GSA Capital Partners LLP now owns 20,961 shares of the transportation company’s stock valued at $1,196,000 after acquiring an additional 10,019 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on UAL shares. Citigroup raised their target price on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. UBS Group raised their target price on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Raymond James reiterated an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Finally, Morgan Stanley lifted their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Two investment 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $114.95.

United Airlines Trading Down 4.7 %

UAL opened at $72.46 on Thursday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company’s 50 day simple moving average is $100.39 and its two-hundred day simple moving average is $83.93. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The firm has a market capitalization of $23.72 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping 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 analyst estimates of $14.40 billion. During the same period last year, the company posted $2.00 EPS. The business’s revenue was up 7.8% on a year-over-year basis. Analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal 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.