Callan Family Office LLC Makes New $675,000 Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Callan Family Office LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,956 shares of the transportation company’s stock, valued at approximately $675,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. US Bancorp DE boosted its stake in shares of United Airlines by 13.2% in the 3rd quarter. US Bancorp DE now owns 11,961 shares of the transportation company’s stock valued at $682,000 after purchasing an additional 1,391 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of United Airlines by 13.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 189 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of United Airlines by 1.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company’s stock valued at $1,278,000 after purchasing an additional 248 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of United Airlines by 22.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 6,487 shares of the transportation company’s stock valued at $370,000 after purchasing an additional 1,194 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of United Airlines in the 3rd quarter valued at $240,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UAL. TD Cowen upped their price objective on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Citigroup upped their price objective 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. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of United Airlines in a research report on Friday, November 15th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, Morgan Stanley increased their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $113.88.

United Airlines Stock Down 3.9 %

Shares of United Airlines stock opened at $82.88 on Friday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company has a 50-day moving average of $101.72 and a 200 day moving average of $83.24. The firm has a market cap of $27.13 billion, a price-to-earnings ratio of 8.79, a PEG ratio of 0.67 and a beta of 1.41. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the firm posted $2.00 EPS. United Airlines’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

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.