30,356 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) 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.

United Airlines (NASDAQ:UAL) last issued its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.17. The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $5.03 EPS. Equities research analysts forecast that United Airlines Holdings, Inc. will post 9.8 earnings per share for the current fiscal year.

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.

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.