Paradoxiom Capital L.P. Acquires Shares of 54,176 United Airlines Holdings, Inc. (NASDAQ:UAL)

Paradoxiom Capital L.P. bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, Holdings Channel reports. The institutional investor bought 54,176 shares of the transportation company’s stock, valued at approximately $5,260,000. United Airlines accounts for approximately 2.2% of Paradoxiom Capital L.P.’s holdings, making the stock its 27th largest position.

Several other hedge funds have also recently modified their holdings of UAL. Bank of Jackson Hole Trust purchased a new position in shares of United Airlines in the fourth quarter valued at approximately $25,000. Hemington Wealth Management boosted its stake in United Airlines by 70.8% during 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 during the last quarter. Roxbury Financial LLC purchased a new stake in shares of United Airlines during the fourth quarter worth $32,000. Whipplewood Advisors LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at about $32,000. Finally, Bell Investment Advisors Inc lifted its stake in shares of 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 buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of UAL stock opened at $82.60 on Wednesday. The firm has a fifty day simple moving average of $70.62 and a 200-day simple moving average of $88.20. The company has a market capitalization of $26.98 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. 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 announced its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on UAL shares. Cowen reiterated a “buy” rating on shares of United Airlines in a report on Tuesday, April 22nd. Raymond James cut United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Barclays lowered their price target on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a report on Tuesday, April 22nd. Finally, Morgan Stanley lifted their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $98.31.

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.