4,583 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 1st quarter, Holdings Channel reports. The firm purchased 4,583 shares of the transportation company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. U S Global Investors Inc. grew its holdings in United Airlines by 31.9% in the fourth quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after purchasing an additional 1,005,170 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of United Airlines by 24.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock valued at $170,974,000 after buying an additional 812,257 shares during the period. Par Capital Management Inc. increased its holdings in shares of United Airlines by 7.2% during the 4th quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock worth $91,737,000 after buying an additional 150,000 shares during the last quarter. AQR Capital Management LLC raised its position in shares of United Airlines by 0.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,772,907 shares of the transportation company’s stock worth $74,994,000 after buying an additional 15,709 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in United Airlines by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,725,062 shares of the transportation company’s stock valued at $71,176,000 after acquiring an additional 26,488 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Thursday, June 6th. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Friday, May 17th. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. HSBC began coverage on shares of United Airlines in a research report on Monday, May 13th. They issued a “buy” rating and a $69.20 price objective for the company. Finally, Morgan Stanley lifted their target price on shares of United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.89.

Insider Buying and Selling

In related news, EVP Kate Gebo sold 15,000 shares of United Airlines stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the sale, the executive vice president now owns 57,512 shares in the company, valued at $2,925,060.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $48.66 on Monday. The business has a 50 day moving average price of $52.00 and a two-hundred day moving average price of $46.23. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $58.23. The firm has a market cap of $16.00 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 0.48 and a beta of 1.44. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.38. The business had revenue of $12.54 billion during the quarter, compared to the consensus estimate of $12.43 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. Sell-side analysts expect that United Airlines Holdings, Inc. will post 9.93 earnings per share 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.