NorthRock Partners LLC Takes $296,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

NorthRock Partners LLC bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,049 shares of the transportation company’s stock, valued at approximately $296,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. Sanders Capital LLC lifted its position in United Airlines by 46.4% during the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock valued at $1,344,671,000 after purchasing an additional 4,390,721 shares during the period. Boston Partners acquired a new position in United Airlines during the fourth quarter valued at $323,508,000. FMR LLC lifted its position in United Airlines by 70.9% during the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company’s stock valued at $705,798,000 after purchasing an additional 3,015,979 shares during the period. Senator Investment Group LP lifted its position in United Airlines by 214.8% during the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company’s stock valued at $316,648,000 after purchasing an additional 2,225,000 shares during the period. Finally, Capital World Investors lifted its position in United Airlines by 22.4% during the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock valued at $950,461,000 after purchasing an additional 1,791,654 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on UAL shares. UBS Group boosted their target price on shares of United Airlines from $59.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, April 17th. Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a research report on Tuesday. Jefferies Financial Group decreased their price objective on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Cowen reiterated a “buy” rating on shares of United Airlines in a research report on Tuesday, April 22nd. Finally, TD Cowen upped their price objective on shares of United Airlines from $73.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, United Airlines has a consensus rating of “Buy” and an average target price of $99.80.

United Airlines Stock Up 1.8%

UAL opened at $77.93 on Friday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve 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. The company has a 50-day moving average price of $70.56 and a 200 day moving average price of $88.20. The company has a market cap of $25.45 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. Sell-side analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

United Airlines 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.