Greenland Capital Management LP Makes New $1.12 Million Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Greenland Capital Management LP purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,500 shares of the transportation company’s stock, valued at approximately $1,117,000.

Several other hedge funds and other institutional investors also recently modified their holdings of UAL. Boston Partners purchased a new position in United Airlines in the 4th quarter worth approximately $323,508,000. FMR LLC grew its position in United Airlines by 70.9% in the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company’s stock worth $705,798,000 after acquiring an additional 3,015,979 shares in the last quarter. Norges Bank purchased a new stake in United Airlines during the fourth quarter valued at about $170,732,000. Prudential Financial Inc. increased its position in shares of United Airlines by 310.2% during the 4th quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company’s stock valued at $112,996,000 after purchasing an additional 879,992 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in United Airlines by 1,492.8% in the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock worth $88,557,000 after buying an additional 854,759 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on UAL shares. Bank of America reduced their target price on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Morgan Stanley increased their target price on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Raymond James lowered United Airlines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Finally, TD Cowen raised 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. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $105.21.

United Airlines Stock Performance

United Airlines stock opened at $58.77 on Tuesday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month 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 stock’s 50 day moving average is $88.42 and its 200 day moving average is $87.25. The company has a market capitalization of $19.24 billion, a P/E ratio of 6.23, a PEG ratio of 0.67 and a beta of 1.19.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the business earned $2.00 EPS. United Airlines’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts predict 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.