Convergence Investment Partners LLC Acquires Shares of 10,936 United Airlines Holdings, Inc. (NASDAQ:UAL)

Convergence Investment Partners LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,936 shares of the transportation company’s stock, valued at approximately $1,062,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bank of Jackson Hole Trust bought a new stake in shares of United Airlines in the 4th quarter valued at about $25,000. Global Trust Asset Management LLC bought a new stake in United Airlines in the third quarter valued at approximately $29,000. Hemington Wealth Management boosted its position in shares of United Airlines by 70.8% during 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. Roxbury Financial LLC bought a new stake in shares of United Airlines in the 4th quarter valued at $32,000. Finally, Winch Advisory Services LLC acquired a new stake in United Airlines during the 4th quarter worth $38,000. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on UAL. Barclays raised their target price on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. increased their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. UBS Group upped their price objective on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Raymond James reissued an “outperform” rating and issued a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Finally, Susquehanna upped their price target on United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $113.88.

United Airlines Stock Up 3.2 %

UAL stock opened at $106.51 on Thursday. The business’s 50 day simple moving average is $102.64 and its 200 day simple moving average is $78.67. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The firm has a market capitalization of $35.03 billion, a PE ratio of 11.29, a PEG ratio of 0.69 and a beta of 1.43. 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 issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.00 earnings per share. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Insider Transactions at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by corporate insiders.

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.