Arrowpoint Investment Partners Singapore Pte. Ltd. Takes $2.29 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 23,550 shares of the transportation company’s stock, valued at approximately $2,287,000. United Airlines comprises 0.5% of Arrowpoint Investment Partners Singapore Pte. Ltd.’s investment portfolio, making the stock its 16th largest position.

Other hedge funds also recently bought and sold shares of the company. Bank of Jackson Hole Trust purchased a new position in shares of United Airlines in the 4th quarter worth approximately $25,000. Hemington Wealth Management lifted its position in United Airlines by 70.8% in the fourth 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 fourth quarter worth $32,000. Roxbury Financial LLC purchased a new position in United Airlines during the fourth quarter worth $32,000. Finally, Bell Investment Advisors Inc increased its position in United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Trading Down 2.9%

NASDAQ UAL opened at $76.33 on Wednesday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market cap of $24.93 billion, a price-to-earnings ratio of 8.09, a PEG ratio of 0.67 and a beta of 1.39. The firm has a 50 day simple moving average of $70.81 and a 200-day simple moving average of $88.18. 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 posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Raymond James lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. UBS Group raised shares of United Airlines from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $67.00 to $105.00 in a report on Monday. Morgan Stanley upped their price objective 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. Susquehanna reduced their target price on United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a research note on Thursday, April 17th. Finally, Evercore ISI decreased their price objective on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $102.33.

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.