New Age Alpha Advisors LLC Raises Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

New Age Alpha Advisors LLC grew its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 23,449.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,341 shares of the transportation company’s stock after buying an additional 55,106 shares during the quarter. New Age Alpha Advisors LLC’s holdings in United Airlines were worth $5,374,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of Jackson Hole Trust purchased a new position in United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management lifted 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 acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of United Airlines during the fourth quarter worth approximately $32,000. Whipplewood Advisors LLC acquired a new position in United Airlines in the 4th quarter valued at $32,000. Finally, Bell Investment Advisors Inc lifted its holdings in United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UAL has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Morgan Stanley upped their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Barclays set a $140.00 target price on shares of United Airlines and gave the stock an “overweight” rating in a research note on Wednesday, March 12th. Melius Research upgraded United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Raymond James reiterated an “outperform” rating and set a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $112.75.

United Airlines Stock Performance

Shares of UAL stock opened at $70.23 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market cap of $22.99 billion, a P/E ratio of 7.45, a P/E/G ratio of 0.67 and a beta of 1.41. The firm’s 50 day moving average price is $93.52 and its 200-day moving average price is $86.18. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.00 earnings per share. As a group, equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.