Schechter Investment Advisors LLC Makes New $594,000 Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Schechter Investment Advisors LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,121 shares of the transportation company’s stock, valued at approximately $594,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Castle Hook Partners LP raised its position in shares of United Airlines by 176.1% during the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after buying an additional 2,707,442 shares during the last quarter. Rubric Capital Management LP acquired a new position in shares of United Airlines during the third quarter valued at about $63,486,000. Sanders Capital LLC raised its position in shares of United Airlines by 12.4% during the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after buying an additional 1,040,589 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after buying an additional 908,558 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of United Airlines by 1,492.8% during the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock valued at $88,557,000 after buying an additional 854,759 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of United Airlines stock opened at $86.21 on Wednesday. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm’s 50-day moving average price is $102.54 and its two-hundred day moving average price is $82.58. The stock has a market capitalization of $28.35 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 0.67 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the prior year, the firm earned $2.00 earnings per share. United Airlines’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price objective on shares of United Airlines in a research report on Friday, November 15th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. upped their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. TD Cowen upped their target price on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Citigroup upped their target price on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $113.88.

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.