International Assets Investment Management LLC Boosts Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

International Assets Investment Management LLC raised its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 3,636.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,231 shares of the transportation company’s stock after buying an additional 80,030 shares during the quarter. International Assets Investment Management LLC’s holdings in United Airlines were worth $3,393,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UAL. Venturi Wealth Management LLC grew its position in shares of United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 274 shares in the last quarter. New York Life Investment Management LLC grew its holdings in shares of United Airlines by 0.7% in the third quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock worth $1,943,000 after purchasing an additional 308 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of United Airlines by 11.1% in the third quarter. EverSource Wealth Advisors LLC now owns 3,736 shares of the transportation company’s stock worth $158,000 after buying an additional 372 shares during the period. Signaturefd LLC raised its holdings in United Airlines by 11.0% during the 3rd quarter. Signaturefd LLC now owns 3,947 shares of the transportation company’s stock valued at $167,000 after buying an additional 392 shares during the last quarter. Finally, Allworth Financial LP boosted its position in United Airlines by 7.5% during the 4th quarter. Allworth Financial LP now owns 6,114 shares of the transportation company’s stock valued at $252,000 after buying an additional 429 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on UAL. Bank of America upped their price objective on shares of United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Redburn Atlantic lowered United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research note on Tuesday, February 13th. Susquehanna boosted their price objective on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, April 18th. Raymond James lifted their target price on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Finally, Evercore ISI upgraded shares of United Airlines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.53.

Insider Transactions at United Airlines

In related news, EVP Kate Gebo sold 15,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the transaction, the executive vice president now owns 57,512 shares in the company, valued at $2,925,060.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $52.63 on Friday. The company has a market capitalization of $17.30 billion, a PE ratio of 6.51, a PEG ratio of 0.51 and a beta of 1.49. The business has a fifty day moving average price of $46.83 and a 200-day moving average price of $42.71. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $58.23. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.38. The business had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.43 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. As a group, equities analysts expect that United Airlines Holdings, Inc. will post 9.93 EPS for the current fiscal 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.