Aristeia Capital L.L.C. Buys New Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Aristeia Capital L.L.C. purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 9,635 shares of the transportation company’s stock, valued at approximately $469,000.

Other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas purchased a new position in shares of United Airlines during the first quarter worth about $25,000. Fidelis Capital Partners LLC purchased a new position in shares of United Airlines in the 1st quarter valued at approximately $27,000. Crewe Advisors LLC acquired a new position in shares of United Airlines in the first quarter valued at approximately $32,000. UMB Bank n.a. increased its holdings in shares of United Airlines by 59.7% in the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 255 shares during the period. Finally, GoalVest Advisory LLC purchased a new stake in shares of United Airlines during the first quarter worth approximately $33,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Up 0.4 %

United Airlines stock opened at $52.36 on Tuesday. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $56.17. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43. The stock’s fifty day moving average is $45.14 and its two-hundred day moving average is $47.63. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data 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 firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $5.03 EPS. Analysts predict that United Airlines Holdings, Inc. will post 9.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on UAL. Citigroup lifted their price objective on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. TD Cowen lifted their target price on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Redburn Atlantic raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a report on Thursday, June 6th. Finally, Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and lifted their price objective for the company from $54.00 to $65.00 in a report on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, United Airlines has an average rating of “Moderate Buy” and an average price target of $71.68.

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.