Transcend Capital Advisors LLC Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Transcend Capital Advisors LLC bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, HoldingsChannel reports. The firm bought 3,602 shares of the transportation company’s stock, valued at approximately $350,000.

Several other institutional investors have also modified their holdings of UAL. Bank of Jackson Hole Trust acquired a new stake in shares of United Airlines in the fourth quarter valued at about $25,000. Hemington Wealth Management grew its position in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares during the period. Roxbury Financial LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at about $32,000. Winch Advisory Services LLC purchased a new position in shares of United Airlines in the fourth quarter worth about $38,000. Finally, Blue Trust Inc. lifted its stake in shares of United Airlines by 108.6% in the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after buying an additional 392 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on UAL shares. TD Cowen raised their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. UBS Group raised their price target on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Citigroup raised their price target on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Morgan Stanley raised their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $113.88.

United Airlines Price Performance

Shares of UAL opened at $95.89 on Monday. 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 $31.54 billion, a PE ratio of 10.17, a P/E/G ratio of 0.67 and a beta of 1.43. The firm has a 50-day simple moving average of $102.94 and a two-hundred day simple moving average of $80.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share 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 business had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the business earned $2.00 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

United Airlines Company 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.