ACT Wealth Management LLC Buys New Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

ACT Wealth Management LLC acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,133 shares of the transportation company’s stock, valued at approximately $212,000.

Several other hedge funds have also recently bought and sold shares of UAL. Highland Capital Management LLC boosted its holdings in United Airlines by 0.7% in the fourth quarter. Highland Capital Management LLC now owns 93,122 shares of the transportation company’s stock valued at $3,842,000 after acquiring an additional 680 shares during the last quarter. Smith Anglin Financial LLC raised its position in shares of United Airlines by 10.0% during the fourth quarter. Smith Anglin Financial LLC now owns 6,828 shares of the transportation company’s stock worth $282,000 after purchasing an additional 622 shares during the period. Assenagon Asset Management S.A. raised its position in shares of United Airlines by 1,008.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 271,824 shares of the transportation company’s stock worth $11,215,000 after purchasing an additional 247,312 shares during the period. Douglas Lane & Associates LLC raised its position in shares of United Airlines by 4.8% during the fourth quarter. Douglas Lane & Associates LLC now owns 494,346 shares of the transportation company’s stock worth $20,397,000 after purchasing an additional 22,674 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in United Airlines in the 4th quarter valued at approximately $247,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Trading Down 0.5 %

Shares of UAL stock opened at $47.01 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.83 and a debt-to-equity ratio of 2.70. The business has a 50-day moving average price of $42.89 and a two-hundred day moving average price of $41.32. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $58.23. The firm has a market cap of $15.42 billion, a P/E ratio of 5.99, a price-to-earnings-growth ratio of 0.62 and a beta of 1.54.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. The business had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. During the same quarter in the prior year, the company posted $2.46 EPS. United Airlines’s quarterly revenue was up 9.9% compared to the same quarter last year. Equities analysts anticipate that United Airlines Holdings, Inc. will post 9.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UAL shares. Bank of America raised United Airlines from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $56.00 in a research report on Tuesday, January 9th. Raymond James dropped their price objective on United Airlines from $68.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, December 20th. UBS Group started coverage on United Airlines in a research report on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price objective for the company. StockNews.com downgraded United Airlines from a “hold” rating to a “sell” rating in a research report on Saturday, March 23rd. Finally, Susquehanna raised United Airlines from a “neutral” rating to a “positive” rating and increased their price target for the company from $40.00 to $60.00 in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and an average price target of $64.93.

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.