Catalyst Funds Management Pty Ltd Buys New Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Catalyst Funds Management Pty Ltd purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,200 shares of the transportation company’s stock, valued at approximately $990,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new position in United Airlines in the 4th quarter valued at approximately $25,000. Hemington Wealth Management raised its holdings in United Airlines by 70.8% in 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 in the last quarter. Roxbury Financial LLC acquired a new position in United Airlines in the 4th quarter valued at approximately $32,000. Whipplewood Advisors LLC acquired a new position in United Airlines in the 4th quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc raised its holdings in United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citigroup upped their price target on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley increased their target price on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Raymond James reissued an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $114.95.

United Airlines Trading Up 5.4 %

UAL stock opened at $73.67 on Friday. The stock has a market capitalization of $24.12 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 0.67 and a beta of 1.41. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The business has a fifty day moving average price of $99.44 and a 200 day moving average price of $84.05. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion for 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $2.00 EPS. Analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

United Airlines Company 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.