Quantbot Technologies LP Purchases Shares of 23,461 United Airlines Holdings, Inc. (NASDAQ:UAL)

Quantbot Technologies LP acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 23,461 shares of the transportation company’s stock, valued at approximately $2,278,000.

Several other large investors have also recently modified their holdings of the stock. Sciencast Management LP increased its holdings in shares of United Airlines by 110.7% in the fourth quarter. Sciencast Management LP now owns 13,131 shares of the transportation company’s stock worth $1,275,000 after buying an additional 6,899 shares during the period. Summit Global Investments purchased a new position in shares of United Airlines in the fourth quarter worth about $390,000. Millstone Evans Group LLC bought a new stake in shares of United Airlines in the fourth quarter worth about $87,000. TD Private Client Wealth LLC grew its stake in shares of United Airlines by 433.5% in the fourth quarter. TD Private Client Wealth LLC now owns 7,266 shares of the transportation company’s stock worth $706,000 after purchasing an additional 5,904 shares during the last quarter. Finally, iA Global Asset Management Inc. bought a new stake in shares of United Airlines in the fourth quarter worth about $11,754,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TD Cowen raised their target price on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Morgan Stanley lifted their price objective on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, United Airlines has a consensus rating of “Buy” and an average target price of $112.75.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $74.87 on Monday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The firm has a market cap of $24.51 billion, a P/E ratio of 7.94, a PEG ratio of 0.67 and a beta of 1.41. The company has a 50 day moving average of $96.52 and a 200 day moving average of $85.70. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping 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 analyst estimates of $14.40 billion. During the same period in the previous year, the business earned $2.00 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS 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.