United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Acquired by GeoWealth Management LLC

GeoWealth Management LLC raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 30.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,118 shares of the transportation company’s stock after buying an additional 494 shares during the quarter. GeoWealth Management LLC’s holdings in United Airlines were worth $206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Group Private Client Services Inc. increased its stake in United Airlines by 5.0% during the 4th quarter. Capital Group Private Client Services Inc. now owns 535,291 shares of the transportation company’s stock valued at $51,977,000 after buying an additional 25,500 shares during the period. Capital International Investors increased its stake in shares of United Airlines by 6.3% during the fourth quarter. Capital International Investors now owns 21,261,443 shares of the transportation company’s stock valued at $2,064,825,000 after acquiring an additional 1,257,443 shares during the period. Capital International Sarl increased its stake in shares of United Airlines by 30.5% during the fourth quarter. Capital International Sarl now owns 41,347 shares of the transportation company’s stock valued at $4,015,000 after acquiring an additional 9,656 shares during the period. Farringdon Capital Ltd. bought a new stake in United Airlines during the fourth quarter worth approximately $782,000. Finally, Zacks Investment Management lifted its position in United Airlines by 3.4% in the fourth quarter. Zacks Investment Management now owns 40,478 shares of the transportation company’s stock worth $3,930,000 after purchasing an additional 1,315 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UAL. Morgan Stanley upped their price objective on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Susquehanna cut their price target on shares of United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a report on Thursday, April 17th. TD Cowen lifted their price objective on shares of United Airlines from $73.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday. Bank of America cut their target price on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, April 3rd. Finally, Evercore ISI decreased their price target on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Airlines has an average rating of “Moderate Buy” and a consensus target price of $97.14.

United Airlines Stock Up 1.6 %

UAL stock opened at $68.03 on Thursday. The company has a 50 day moving average of $76.95 and a two-hundred day moving average of $87.53. The company has a market cap of $22.29 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. 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, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. On average, equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal 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.