LTS One Management LP Acquires New Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

LTS One Management LP purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 60,000 shares of the transportation company’s stock, valued at approximately $5,826,000. United Airlines accounts for 1.6% of LTS One Management LP’s holdings, making the stock its 17th biggest holding.

Several other large investors also recently added to or reduced their stakes in the business. Forest Avenue Capital Management LP purchased a new position in United Airlines in the 4th quarter worth approximately $16,812,000. Canada Post Corp Registered Pension Plan bought a new position in United Airlines during the fourth quarter valued at approximately $1,236,000. CreativeOne Wealth LLC purchased a new stake in shares of United Airlines in the 4th quarter valued at $652,000. Mariner LLC grew its stake in shares of United Airlines by 9.0% during the fourth quarter. Mariner LLC now owns 47,504 shares of the transportation company’s stock valued at $4,613,000 after buying an additional 3,923 shares during the last quarter. Finally, Keystone Financial Group purchased a new position in shares of United Airlines in the fourth quarter valued at about $211,000. Institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays reduced their target price on United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group cut their price target on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Bank of America decreased their price objective on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, April 3rd. JPMorgan Chase & Co. raised their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, Raymond James lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.01.

United Airlines Price Performance

United Airlines stock opened at $65.60 on Monday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The business has a fifty day moving average of $83.20 and a two-hundred day moving average of $87.42. The company has a market cap of $21.47 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19.

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