Cetera Investment Advisers increased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 266.3% during the 1st quarter, according to the company’s most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,021 shares of the transportation company’s stock after acquiring an additional 34,910 shares during the quarter. Cetera Investment Advisers’ holdings in United Airlines were worth $2,299,000 at the end of the last quarter.
Other major investors have also recently changed their stakes in the company. BNP Paribas acquired a new stake in United Airlines during the first quarter valued at $25,000. Fidelis Capital Partners LLC acquired a new stake in United Airlines during the 1st quarter valued at about $27,000. Wetzel Investment Advisors Inc. acquired a new stake in United Airlines during the fourth quarter valued at about $27,000. Crewe Advisors LLC acquired a new stake in United Airlines during the first quarter valued at about $32,000. Finally, GoalVest Advisory LLC acquired a new stake in United Airlines during the first quarter valued at about $33,000. Institutional investors and hedge funds own 69.69% of the company’s shares.
Changes in analyst ratings
Several research analysts have recently commented on the stock. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” and raised their price target for the company from $54.00 to $65.00 in a report on Wednesday, May 29. Morgan Stanley raised their price target on United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18. HSBC assumed coverage on United Airlines in a report on Monday, May 13. They gave the stock a “buy” rating and a price target of $69.20. Citigroup raised their price target on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29. Finally, Susquehanna raised their price target on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a report on Thursday, April 18. Two analysts have rated the stock with a “hold” rating and thirteen have given the company a “buy” rating. According to MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and a consensus price target of $71.68.
Check out our latest stock analysis on UAL
United Airlines share price rises 0.7%
NASDAQ UAL opened at $41.46 on Monday. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $56.17. The stock has a market cap of $13.63 billion, a P/E ratio of 5.12, a PEG ratio of 0.63 and a beta of 1.44. The company has a 50-day moving average of $47.48 and a 200-day moving average of $47.07. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77.
United Airlines (NASDAQ:UAL – Get Free Report) last released its quarterly earnings results on Wednesday, July 17. The transportation company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. The company had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company’s quarterly revenue grew 5.7% year-over-year. During the same quarter last year, the company posted earnings per share of $5.03. On average, research analysts forecast that United Airlines Holdings, Inc. will post earnings per share of $9.62 for the current year.
Profile of United Airlines
(Free report)
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 passengers and cargo with its mainline and regional fleets. It also provides catering, ground handling, flight academy and maintenance services to third parties.
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