Cannell & Spears LLC Boosts Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Cannell & Spears LLC grew its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 115.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 631,650 shares of the transportation company’s stock after acquiring an additional 338,645 shares during the quarter. United Airlines makes up about 1.3% of Cannell & Spears LLC’s holdings, making the stock its 20th biggest holding. Cannell & Spears LLC’s holdings in United Airlines were worth $61,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Moody National Bank Trust Division increased its holdings in shares of United Airlines by 2.1% in the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after acquiring an additional 98 shares during the period. Diversify Advisory Services LLC boosted its position in United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 101 shares in the last quarter. Metis Global Partners LLC grew its stake in United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after purchasing an additional 129 shares during the last quarter. Hemington Wealth Management raised its holdings 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 purchasing an additional 131 shares in the last quarter. Finally, Bell Investment Advisors Inc lifted its position 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 valued at $35,000 after buying an additional 135 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UAL shares. Barclays set a $140.00 price objective on shares of United Airlines and gave the stock an “overweight” rating in a research report on Wednesday, March 12th. UBS Group reduced their price target on United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Morgan Stanley raised their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Finally, TD Cowen raised their price target on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $112.75.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $70.23 on Monday. The stock has a market cap of $22.99 billion, a price-to-earnings ratio of 7.45, a PEG ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a 50 day simple moving average of $93.52 and a two-hundred day simple moving average of $86.72. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $2.00 EPS. As a group, analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current 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.