3,642 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Bought by Crestmont Private Wealth LLC

Crestmont Private Wealth LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the third quarter, HoldingsChannel.com reports. The fund purchased 3,642 shares of the transportation company’s stock, valued at approximately $208,000.

A number of other hedge funds 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 approximately $25,000. Fidelis Capital Partners LLC purchased a new stake in shares of United Airlines in the 1st quarter worth about $27,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of United Airlines during the 2nd quarter valued at about $30,000. Crewe Advisors LLC purchased a new position in shares of United Airlines during the first quarter valued at about $32,000. Finally, GoalVest Advisory LLC bought a new position in United Airlines in the first quarter worth about $33,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of United Airlines stock opened at $61.80 on Friday. The stock has a market cap of $20.32 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 0.89 and a beta of 1.44. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $61.92. The firm’s 50-day moving average is $48.40 and its 200 day moving average is $48.93.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. The firm had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.03 earnings per share. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 9.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on UAL. Jefferies Financial Group lifted their price objective on United Airlines from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Susquehanna lifted their price target on United Airlines from $60.00 to $70.00 and gave the company a “positive” rating in a research report on Wednesday. Finally, TD Cowen increased their price objective on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.32.

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.