Dark Forest Capital Management LP Grows Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Dark Forest Capital Management LP lifted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 70.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,757 shares of the transportation company’s stock after buying an additional 6,528 shares during the quarter. Dark Forest Capital Management LP’s holdings in United Airlines were worth $1,530,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in United Airlines in the fourth quarter worth about $25,000. Hemington Wealth Management boosted its stake in United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Roxbury Financial LLC purchased a new stake in United Airlines during the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC purchased a new stake in United Airlines during the 4th quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc increased its stake in United Airlines by 60.3% during 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. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of UAL stock opened at $66.97 on Wednesday. The company has a market capitalization of $21.95 billion, a P/E ratio of 7.10, a P/E/G ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The business’s 50 day moving average is $77.68 and its two-hundred day moving average is $87.66. 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 quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16. The firm had revenue of $13.21 billion for the quarter, compared to analysts’ expectations of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. Analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UAL shares. Bank of America dropped their price objective 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. Jefferies Financial Group cut their price objective on United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Evercore ISI decreased their target price on United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Barclays cut their price target on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Morgan Stanley lifted 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. Three 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’s stock. According to data from MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and a consensus target price of $97.14.

About United Airlines

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.