Meridian Wealth Management LLC Takes $256,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Meridian Wealth Management LLC acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,633 shares of the transportation company’s stock, valued at approximately $256,000.

A number of other institutional investors also recently made changes to their positions in the business. Moody National Bank Trust Division boosted its stake 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 purchasing an additional 98 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after buying an additional 101 shares during the last quarter. Huntington National Bank raised its holdings in United Airlines by 10.8% during the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after buying an additional 129 shares during the last quarter. Metis Global Partners LLC raised its holdings in United Airlines by 2.0% during the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after buying an additional 129 shares during the last quarter. Finally, Hemington Wealth Management raised its holdings in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

UAL has been the subject of a number of recent analyst reports. Susquehanna reiterated a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Raymond James reiterated an “outperform” rating and set a $130.00 price target (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price target on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, Citigroup raised their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $113.88.

United Airlines Trading Up 5.9 %

Shares of NASDAQ UAL opened at $91.27 on Thursday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The stock has a market cap of $29.88 billion, a P/E ratio of 9.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The firm has a 50-day moving average of $102.34 and a 200 day moving average of $82.64. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the company posted $2.00 EPS. United Airlines’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect 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.