Paragon Associates & Paragon Associates II Joint Venture Acquires Shares of 12,500 United Airlines Holdings, Inc. (NASDAQ:UAL)

Paragon Associates & Paragon Associates II Joint Venture bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, HoldingsChannel.com reports. The firm bought 12,500 shares of the transportation company’s stock, valued at approximately $1,214,000. United Airlines comprises approximately 2.8% of Paragon Associates & Paragon Associates II Joint Venture’s portfolio, making the stock its 10th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Moody National Bank Trust Division boosted its position in United Airlines by 2.1% during the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after purchasing an additional 98 shares during the period. Diversify Advisory Services LLC boosted its holdings in United Airlines by 2.2% in the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock worth $508,000 after buying an additional 101 shares during the period. Metis Global Partners LLC grew its stake in United Airlines by 2.0% in the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after buying an additional 129 shares in the last quarter. Hemington Wealth Management raised 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. Finally, Bell Investment Advisors Inc boosted its holdings in shares of United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Down 1.7 %

Shares of NASDAQ UAL opened at $69.05 on Tuesday. The stock has a market capitalization of $22.60 billion, a P/E ratio of 7.32, a PEG 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. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The firm’s 50 day simple moving average is $92.76 and its two-hundred day simple moving average is $86.85.

United Airlines (NASDAQ:UAL) last released its 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. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.00 EPS. As a group, analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Melius Research upgraded United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Bank of America lowered their target price on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Barclays set a $140.00 price target on shares of United Airlines and gave the company an “overweight” rating in a research report on Wednesday, March 12th. UBS Group lowered their price objective on United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. boosted their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned 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 $112.75.

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.