Abacus Planning Group Inc. Acquires 303 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Abacus Planning Group Inc. increased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,739 shares of the transportation company’s stock after purchasing an additional 303 shares during the quarter. Abacus Planning Group Inc.’s holdings in United Airlines were worth $279,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas bought a new position in shares of United Airlines during the first quarter valued at $25,000. Fidelis Capital Partners LLC bought a new position in United Airlines in the first quarter valued at about $27,000. Crewe Advisors LLC bought a new position in United Airlines in the first quarter valued at about $32,000. UMB Bank n.a. lifted its holdings in United Airlines by 59.7% in the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 255 shares during the period. Finally, GoalVest Advisory LLC bought a new position in United Airlines in the first quarter valued at about $33,000. 69.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UAL. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and increased their target price for the company from $54.00 to $65.00 in a report on Wednesday, May 29th. HSBC started coverage on United Airlines in a research report on Monday, May 13th. They issued a “buy” rating and a $69.20 price target for the company. Citigroup upped their price target on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Thursday, June 6th. Finally, Wolfe Research upgraded United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research report on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, United Airlines has an average rating of “Moderate Buy” and a consensus price target of $71.68.

United Airlines Price Performance

Shares of United Airlines stock opened at $44.04 on Friday. The stock has a 50 day moving average of $44.67 and a 200 day moving average of $47.02. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $56.17. The firm has a market cap of $14.48 billion, a PE ratio of 5.44, a PEG ratio of 0.71 and a beta of 1.44. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.17. The business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period last year, the company earned $5.03 EPS. On average, research analysts expect that United Airlines Holdings, Inc. will post 9.63 EPS 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.