Peregrine Asset Advisers Inc. Buys New Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Peregrine Asset Advisers Inc. purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,923 shares of the transportation company’s stock, valued at approximately $478,000.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after buying an additional 78,470 shares in the last quarter. Sanders Capital LLC grew its position in United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after acquiring an additional 1,040,589 shares during the period. Geode Capital Management LLC raised its stake in United Airlines by 2.1% during the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock worth $477,526,000 after acquiring an additional 168,498 shares in the last quarter. Castle Hook Partners LP lifted its holdings in shares of United Airlines by 176.1% during the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after acquiring an additional 2,707,442 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Morgan Stanley increased their target price 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. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Barclays boosted their target price on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Melius Research raised United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Raymond James reissued an “outperform” rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $113.88.

United Airlines Stock Down 6.4 %

Shares of NASDAQ UAL opened at $95.89 on Friday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The firm’s 50-day moving average is $102.92 and its 200-day moving average is $79.03. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $31.54 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data 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. The firm had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $2.00 earnings per share. Equities 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.