Mufg Securities Americas Inc. Invests $472,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Mufg Securities Americas Inc. purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,856 shares of the transportation company’s stock, valued at approximately $472,000.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new position in shares of United Airlines during the fourth quarter valued at approximately $137,000. Longbow Finance SA bought a new stake in shares of United Airlines in the 4th quarter worth $9,359,000. KBC Group NV purchased a new stake in shares of United Airlines in the fourth quarter valued at about $485,000. Bleakley Financial Group LLC lifted its position in shares of United Airlines by 293.7% during the fourth quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company’s stock valued at $2,278,000 after purchasing an additional 17,499 shares in the last quarter. Finally, Islay Capital Management LLC purchased a new position in United Airlines during the fourth quarter worth about $790,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a research note on Tuesday. Susquehanna reduced their target price on United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a report on Thursday, April 17th. Bank of America dropped their price target on United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group decreased their target price on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, United Airlines presently has an average rating of “Buy” and an average target price of $98.31.

United Airlines Trading Down 3.1%

NASDAQ:UAL opened at $76.54 on Friday. The company has a market cap of $25.00 billion, a P/E ratio of 8.12, a P/E/G ratio of 0.67 and a beta of 1.39. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The stock’s fifty day moving average price is $70.52 and its two-hundred day moving average price is $88.14.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.75 by $0.16. The business had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS 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.