International Assets Investment Management LLC Acquires 80,030 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

International Assets Investment Management LLC increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 3,636.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,231 shares of the transportation company’s stock after acquiring an additional 80,030 shares during the period. International Assets Investment Management LLC’s holdings in United Airlines were worth $3,393,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Venturi Wealth Management LLC increased its stake in shares of United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after purchasing an additional 274 shares during the last quarter. New York Life Investment Management LLC boosted its stake in shares of United Airlines by 0.7% during the 3rd quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock worth $1,943,000 after acquiring an additional 308 shares during the period. Stifel Financial Corp increased its holdings in shares of United Airlines by 0.4% during the 1st quarter. Stifel Financial Corp now owns 73,814 shares of the transportation company’s stock worth $3,266,000 after acquiring an additional 314 shares during the last quarter. Captrust Financial Advisors raised its stake in United Airlines by 5.3% in the 2nd quarter. Captrust Financial Advisors now owns 6,660 shares of the transportation company’s stock valued at $236,000 after acquiring an additional 334 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in United Airlines by 11.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,736 shares of the transportation company’s stock valued at $158,000 after purchasing an additional 372 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UAL. Susquehanna dropped their price objective on shares of United Airlines from $60.00 to $55.00 and set a “positive” rating on the stock in a research report on Tuesday, April 9th. TD Cowen raised their price objective on shares of United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. StockNews.com raised United Airlines from a “sell” rating to a “hold” rating in a research report on Thursday. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Finally, Bank of America raised United Airlines from an “underperform” rating to a “buy” rating and upped their price objective for the company from $40.00 to $56.00 in a report on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.60.

United Airlines Trading Up 17.4 %

Shares of United Airlines stock opened at $48.74 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 2.70. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $58.23. The company has a market capitalization of $16.03 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 0.58 and a beta of 1.55. The firm’s 50-day moving average price is $44.09 and its two-hundred day moving average price is $41.35.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.39. United Airlines had a net margin of 4.87% and a return on equity of 41.01%. The business had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same quarter last year, the business posted $2.46 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, analysts forecast that United Airlines Holdings, Inc. will post 9.46 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.