Frank Rimerman Advisors LLC Acquires 3,512 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Frank Rimerman Advisors LLC grew its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 148.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,881 shares of the transportation company’s stock after acquiring an additional 3,512 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in United Airlines were worth $286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas bought a new stake in United Airlines during the first quarter valued at approximately $25,000. Fidelis Capital Partners LLC purchased a new position in United Airlines in the first quarter worth $27,000. Crewe Advisors LLC purchased a new position in United Airlines in the first quarter worth $32,000. GoalVest Advisory LLC bought a new position in United Airlines in the first quarter valued at $33,000. Finally, UMB Bank n.a. raised its position in United Airlines by 59.7% during 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 in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

United Airlines stock opened at $53.63 on Wednesday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. The firm has a market cap of $17.64 billion, a P/E ratio of 6.63, a P/E/G ratio of 1.10 and a beta of 1.43. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $56.17. The firm has a 50-day moving average of $45.27 and a 200-day moving average of $47.70.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter last year, the business posted $5.03 EPS. The business’s revenue was up 5.7% on a year-over-year basis. Sell-side analysts expect that United Airlines Holdings, Inc. will post 9.73 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UAL. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and increased their price objective for the company from $54.00 to $65.00 in a research report on Wednesday, May 29th. Redburn Atlantic raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Thursday, June 6th. Citigroup boosted their price objective on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, TD Cowen lifted their target price on shares of United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.