Harvest Fund Management Co. Ltd Takes $128,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Harvest Fund Management Co. Ltd purchased a new stake 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. The fund purchased 1,344 shares of the transportation company’s stock, valued at approximately $128,000.

Several other institutional investors have also made changes to their positions in UAL. Natixis Advisors LLC lifted its holdings in shares of United Airlines by 18.9% during the 3rd quarter. Natixis Advisors LLC now owns 85,680 shares of the transportation company’s stock valued at $4,889,000 after buying an additional 13,642 shares during the last quarter. Quest Partners LLC lifted its holdings in United Airlines by 268.7% in the 3rd quarter. Quest Partners LLC now owns 2,791 shares of the transportation company’s stock worth $159,000 after purchasing an additional 2,034 shares during the last quarter. Commerce Bank lifted its holdings in United Airlines by 1.1% in the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after purchasing an additional 196 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after purchasing an additional 908,558 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in United Airlines by 111.9% in the 3rd quarter. Cerity Partners LLC now owns 49,581 shares of the transportation company’s stock worth $2,829,000 after purchasing an additional 26,188 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Up 1.1 %

Shares of United Airlines stock opened at $74.87 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The company has a market capitalization of $24.51 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The business has a 50-day moving average of $96.52 and a two-hundred day moving average of $85.41.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UAL shares. Bank of America reduced their target price on United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. UBS Group reduced their target price on United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. upped their price target on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Finally, Morgan Stanley upped their price target on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $112.75.

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.