Millstone Evans Group LLC Acquires Shares of 900 United Airlines Holdings, Inc. (NASDAQ:UAL)

Millstone Evans Group LLC acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 900 shares of the transportation company’s stock, valued at approximately $87,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Jackson Hole Trust bought a new position in United Airlines in the fourth quarter valued at approximately $25,000. Hemington Wealth Management boosted its stake in 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 acquiring an additional 131 shares during the last quarter. Whipplewood Advisors LLC bought a new position in United Airlines in the fourth quarter valued at approximately $32,000. Roxbury Financial LLC acquired a new stake in United Airlines in the fourth quarter worth $32,000. Finally, Bell Investment Advisors Inc raised its holdings in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after purchasing an additional 135 shares during the period. 69.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Barclays set a $140.00 target price on shares of United Airlines and gave the stock an “overweight” rating in a report on Wednesday, March 12th. TD Cowen increased their target price 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. Raymond James reiterated an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Finally, Susquehanna reiterated a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. 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. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $112.75.

United Airlines Stock Up 1.1 %

United Airlines stock opened at $74.87 on Friday. The company has a market cap of $24.51 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a fifty day simple moving average of $96.52 and a 200 day simple moving average of $85.41. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

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, beating analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 earnings per share. Research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share 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.