Retirement Planning Co of New England Inc. Takes $212,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Retirement Planning Co of New England Inc. bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,184 shares of the transportation company’s stock, valued at approximately $212,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bank of Jackson Hole Trust purchased a new position in United Airlines during the 4th quarter worth $25,000. Hemington Wealth Management raised its position 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 buying an additional 131 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in United Airlines during the 4th quarter worth $32,000. Roxbury Financial LLC purchased a new position in United Airlines during the 4th quarter worth $32,000. Finally, Bell Investment Advisors Inc raised its position in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after buying an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

United Airlines stock opened at $71.34 on Wednesday. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The stock has a market capitalization of $23.35 billion, a P/E ratio of 7.57, a P/E/G ratio of 0.67 and a beta of 1.41. The firm’s 50-day moving average is $98.35 and its two-hundred day moving average is $85.06. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UAL shares. Bank of America cut their price objective on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, March 12th. Morgan Stanley increased their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Citigroup increased their price target on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays set a $140.00 price target on shares of United Airlines and gave the company an “overweight” rating in a report on Wednesday, March 12th. Finally, TD Cowen increased their price objective on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has an average rating of “Buy” and a consensus price target of $114.95.

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.