Sanctuary Advisors LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor bought 30,356 shares of the transportation company’s stock, valued at approximately $1,604,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas acquired a new position in United Airlines in the first quarter valued at approximately $25,000. Fidelis Capital Partners LLC acquired a new position in United Airlines in the first quarter valued at approximately $27,000. Strategic Investment Solutions Inc. IL acquired a new position in United Airlines in the second quarter valued at approximately $30,000. Crewe Advisors LLC acquired a new position in United Airlines in the first quarter valued at approximately $32,000. Finally, GoalVest Advisory LLC acquired a new position in United Airlines in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 69.69% of the company’s stock.
United Airlines Stock Down 1.0 %
Shares of UAL opened at $59.43 on Thursday. 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 Holdings, Inc. has a one year low of $33.68 and a one year high of $61.62. The stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.23 and a beta of 1.44. The stock has a 50 day moving average price of $47.33 and a 200 day moving average price of $48.64.
Analyst Ratings Changes
A number of research analysts have issued reports on UAL shares. TD Cowen boosted their price target on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Jefferies Financial Group upped their target price on United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Finally, Susquehanna upped their target price on United Airlines from $60.00 to $70.00 and gave the stock a “positive” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, United Airlines has a consensus rating of “Moderate Buy” and an average target price of $74.32.
Read Our Latest Analysis on UAL
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.
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