Ritholtz Wealth Management Takes $393,000 Position in United Airlines Holdings Inc (NASDAQ:UAL)

Ritholtz Wealth Management bought a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,692 shares of the transportation company’s stock, valued at approximately $393,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new stake in United Airlines during the fourth quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of United Airlines during the fourth quarter worth approximately $31,000. Whipplewood Advisors LLC acquired a new stake in shares of United Airlines during the fourth quarter worth approximately $32,000. Bell Investment Advisors Inc increased its holdings in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after buying an additional 135 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of United Airlines in the fourth quarter valued at approximately $36,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UAL. UBS Group raised shares of United Airlines from a “neutral” rating to a “buy” rating and raised their price objective for the company from $67.00 to $105.00 in a research note on Monday, May 19th. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a report on Tuesday, April 22nd. Evercore ISI lowered their price target on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Cowen restated a “buy” rating on shares of United Airlines in a research note on Tuesday, April 22nd. Finally, Barclays lowered their price objective on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, United Airlines has an average rating of “Buy” and a consensus price target of $104.64.

United Airlines Stock Performance

Shares of UAL stock opened at $74.30 on Friday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.72 and a current ratio of 0.78. The company has a market capitalization of $24.27 billion, a price-to-earnings ratio of 6.77, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45. The company’s 50-day moving average is $74.67 and its 200 day moving average is $86.19. United Airlines Holdings Inc has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to analysts’ expectations of $13.47 billion. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. Sell-side analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

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.