Farringdon Capital Ltd. Acquires New Shares in United Airlines Holdings, Inc. (NASDAQ:UAL)

Farringdon Capital Ltd. bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,057 shares of the transportation company’s stock, valued at approximately $782,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new stake in shares of United Airlines in the 4th quarter valued at approximately $25,000. Hemington Wealth Management grew its holdings in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares during the period. Roxbury Financial LLC bought a new stake in United Airlines in the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC acquired a new stake in United Airlines in the fourth quarter worth $32,000. Finally, Bell Investment Advisors Inc boosted 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 worth $35,000 after purchasing an additional 135 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of recent analyst reports. Barclays lowered their price objective on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Susquehanna lowered their price target on United Airlines from $130.00 to $90.00 and set a “positive” rating for the company in a report on Monday, April 7th. Raymond James cut United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. 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 research note on Thursday, January 9th. Finally, Morgan Stanley increased their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, United Airlines presently has a consensus rating of “Moderate Buy” and a consensus price target of $102.01.

United Airlines Trading Down 0.0 %

NASDAQ UAL opened at $66.99 on Thursday. The company has a market cap of $21.93 billion, a PE ratio of 7.10, a PEG ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock has a 50 day moving average of $80.67 and a 200-day moving average of $87.19. 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 earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $13.21 billion for the quarter, compared to analysts’ expectations of $13.47 billion. On average, equities research analysts anticipate 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.