Venturi Wealth Management LLC Acquires 314 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Venturi Wealth Management LLC raised its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 25.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,544 shares of the transportation company’s stock after buying an additional 314 shares during the period. Venturi Wealth Management LLC’s holdings in United Airlines were worth $150,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. State Street Corp grew its position in United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after acquiring an additional 78,470 shares during the last quarter. Sanders Capital LLC grew its position in United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after acquiring an additional 1,040,589 shares during the last quarter. Geode Capital Management LLC grew its position in United Airlines by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after acquiring an additional 168,498 shares during the last quarter. Castle Hook Partners LP grew its position in United Airlines by 176.1% in the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after acquiring an additional 2,707,442 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after buying an additional 908,558 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on UAL shares. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. TD Cowen increased their price target on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Susquehanna increased their price target on United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research report on Tuesday, February 4th. Barclays increased their price target on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Raymond James restated an “outperform” rating and set a $130.00 price objective (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has an average rating of “Buy” and an average target price of $113.88.

United Airlines Trading Down 6.4 %

United Airlines stock opened at $95.89 on Friday. The stock has a 50-day moving average of $102.94 and a two-hundred day moving average of $79.43. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The stock has a market cap of $31.54 billion, a PE ratio of 10.17, a price-to-earnings-growth 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 analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the business posted $2.00 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

About United Airlines

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.