Assetmark Inc. Increases Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Assetmark Inc. lifted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 26,095.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 23,838 shares of the transportation company’s stock after buying an additional 23,747 shares during the period. Assetmark Inc.’s holdings in United Airlines were worth $2,315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UAL. Bank of Jackson Hole Trust purchased a new position in shares of United Airlines in the 4th quarter worth approximately $25,000. Hemington Wealth Management boosted its holdings in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares during the period. Roxbury Financial LLC purchased a new position in United Airlines during the 4th quarter valued at $32,000. Whipplewood Advisors LLC purchased a new position in United Airlines during the 4th quarter valued at $32,000. Finally, Winch Advisory Services LLC purchased a new position in United Airlines during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of recent analyst reports. Barclays boosted their price objective on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Susquehanna restated a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. UBS Group boosted their price objective on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Finally, Citigroup lifted their target price on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Airlines presently has an average rating of “Buy” and an average price target of $113.88.

United Airlines Trading Down 3.9 %

UAL opened at $82.88 on Monday. The firm has a market cap of $27.13 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.67 and a beta of 1.41. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock has a fifty day moving average price of $101.72 and a 200-day moving average price of $83.53.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 EPS. As a group, equities research analysts anticipate 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.