Mercer Global Advisors Inc. ADV Purchases 3,895 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Mercer Global Advisors Inc. ADV boosted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 49.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,716 shares of the transportation company’s stock after buying an additional 3,895 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in United Airlines were worth $442,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new position in United Airlines during the fourth quarter valued at approximately $25,000. EWG Elevate Inc. bought a new stake in shares of United Airlines in the 4th quarter valued at approximately $25,000. U.S. Capital Wealth Advisors LLC bought a new stake in shares of United Airlines in the 4th quarter valued at approximately $32,000. Addison Advisors LLC lifted its stake in shares of United Airlines by 375.1% in the 4th quarter. Addison Advisors LLC now owns 898 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 709 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of United Airlines in the 3rd quarter valued at approximately $34,000. 59.73% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Edward Shapiro purchased 25,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The shares were acquired at an average cost of $42.59 per share, for a total transaction of $1,064,750.00. Following the acquisition, the director now owns 200,000 shares of the company’s stock, valued at approximately $8,518,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UAL. Citigroup raised their price objective on United Airlines from $65.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, April 21st. BNP Paribas raised United Airlines from an “underperform” rating to an “outperform” rating and set a $70.00 price objective for the company in a research note on Tuesday, March 7th. Redburn Partners raised United Airlines from a “sell” rating to a “neutral” rating and set a $55.00 price objective for the company in a research note on Wednesday, February 8th. StockNews.com assumed coverage on United Airlines in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Barclays upgraded United Airlines from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $52.00 to $80.00 in a report on Friday, March 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, United Airlines presently has an average rating of “Hold” and an average target price of $55.53.

United Airlines Trading Down 0.3 %

UAL opened at $47.41 on Tuesday. The stock’s fifty day moving average is $43.92 and its two-hundred day moving average is $45.10. The company has a market capitalization of $15.55 billion, a P/E ratio of 8.15 and a beta of 1.42. United Airlines Holdings, Inc. has a 52 week low of $31.58 and a 52 week high of $55.04. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 4.13.

United Airlines (NASDAQ:UAL – Get Rating) last announced its quarterly earnings results on Wednesday, April 19th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.73) by $0.10. United Airlines had a return on equity of 35.71% and a net margin of 3.93%. The business had revenue of $11.43 billion for the quarter, compared to the consensus estimate of $11.43 billion. During the same period last year, the business posted ($4.24) EPS. The business’s revenue was up 51.1% compared to the same quarter last year. Analysts forecast that United Airlines Holdings, Inc. will post 9.33 earnings per share for the current year.

About United Airlines

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United Airlines Holdings, Inc is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.