Skye Global Management LP Purchases 9,000 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Skye Global Management LP boosted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 28.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 40,500 shares of the transportation company’s stock after acquiring an additional 9,000 shares during the period. Skye Global Management LP’s holdings in United Airlines were worth $3,933,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in United Airlines by 3.2% in the third quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company’s stock valued at $21,581,000 after acquiring an additional 11,601 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of United Airlines during the 4th quarter valued at about $243,000. Wedmont Private Capital boosted its stake in shares of United Airlines by 11.3% during the 4th quarter. Wedmont Private Capital now owns 4,553 shares of the transportation company’s stock valued at $488,000 after purchasing an additional 464 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of United Airlines during the fourth quarter valued at about $583,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in United Airlines in the fourth quarter worth about $255,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of research analyst reports. Cowen reiterated a “buy” rating on shares of United Airlines in a report on Tuesday, April 22nd. Evercore ISI reduced their price target on United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group lowered their price objective on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. TD Cowen boosted their target price on shares of United Airlines from $73.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, April 22nd. Finally, Barclays decreased their price target on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Two 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $98.31.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $76.54 on Friday. The firm’s 50 day moving average price is $70.52 and its 200-day moving average price is $88.14. 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 has a market capitalization of $25.00 billion, a PE ratio of 8.12, 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.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.16. The business 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%. Equities research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.