Bayberry Capital Partners LP Purchases Shares of 210,000 United Airlines Holdings, Inc. (NASDAQ:UAL)

Bayberry Capital Partners LP bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 210,000 shares of the transportation company’s stock, valued at approximately $20,391,000. United Airlines accounts for about 7.8% of Bayberry Capital Partners LP’s holdings, making the stock its 3rd largest holding. Bayberry Capital Partners LP owned 0.06% of United Airlines as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of Jackson Hole Trust bought a new position in United Airlines in the 4th quarter worth $25,000. Hemington Wealth Management raised its stake in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in United Airlines in the fourth quarter worth about $32,000. Roxbury Financial LLC bought a new stake in United Airlines during the 4th quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc grew its holdings in shares of United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after acquiring an additional 135 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

UAL opened at $74.07 on Friday. The company’s 50-day simple moving average is $72.56 and its two-hundred day simple moving average is $88.04. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market capitalization of $24.19 billion, a P/E ratio of 7.85, a P/E/G ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. As a group, analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analysts Set New Price Targets

UAL has been the topic of several research reports. Evercore ISI dropped their price target on United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Susquehanna decreased their price target on shares of United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a research note on Thursday, April 17th. Raymond James lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Cowen reaffirmed a “buy” rating on shares of United Airlines in a research note on Tuesday, April 22nd. Finally, UBS Group boosted their price target on United Airlines from $59.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $96.60.

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.