FDx Advisors Inc. Purchases Shares of 2,698 United Airlines Holdings, Inc. (NASDAQ:UAL)

FDx Advisors Inc. acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,698 shares of the transportation company’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Jackson Hole Trust bought a new position in shares of United Airlines in the 4th quarter valued at about $25,000. Global Trust Asset Management LLC purchased a new position in shares of United Airlines during the 3rd quarter worth about $29,000. Hemington Wealth Management grew its holdings in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Roxbury Financial LLC purchased a new stake in United Airlines in the 4th quarter worth about $32,000. Finally, Winch Advisory Services LLC bought a new stake in United Airlines in the fourth quarter worth about $38,000. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of analyst reports. UBS Group upped their target price on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Citigroup boosted their target price on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. raised their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, United Airlines presently has a consensus rating of “Buy” and a consensus target price of $113.88.

United Airlines Stock Performance

Shares of NASDAQ:UAL opened at $95.89 on Friday. The firm has a 50 day moving average of $102.92 and a 200 day moving average of $79.03. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $31.54 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.70 and a beta of 1.43. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the company posted $2.00 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

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.