NEOS Investment Management LLC Acquires 3,726 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

NEOS Investment Management LLC lifted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 29.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,530 shares of the transportation company’s stock after purchasing an additional 3,726 shares during the period. NEOS Investment Management LLC’s holdings in United Airlines were worth $1,605,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. WINTON GROUP Ltd boosted its holdings in United Airlines by 166.1% during the fourth quarter. WINTON GROUP Ltd now owns 123,451 shares of the transportation company’s stock worth $11,987,000 after buying an additional 77,061 shares during the last quarter. Ausdal Financial Partners Inc. bought a new stake in shares of United Airlines in the 4th quarter valued at about $347,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of United Airlines in the 4th quarter valued at approximately $36,000. Signature Estate & Investment Advisors LLC bought a new position in United Airlines during the 4th quarter worth approximately $300,000. Finally, Prudential Financial Inc. grew its holdings in United Airlines by 310.2% during the fourth quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company’s stock valued at $112,996,000 after purchasing an additional 879,992 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UAL has been the topic of a number of recent analyst reports. Susquehanna reissued a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. UBS Group reduced their target price on United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Bank of America lowered their price target on United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Barclays set a $140.00 price objective on United Airlines and gave the company an “overweight” rating in a report on Wednesday, March 12th. Finally, Morgan Stanley increased their target price on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, United Airlines currently has a consensus rating of “Buy” and a consensus price target of $112.75.

United Airlines Trading Down 4.5 %

Shares of NASDAQ:UAL opened at $70.23 on Friday. The company’s 50-day moving average price is $93.52 and its two-hundred day moving average price is $86.45. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. 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 stock has a market capitalization of $22.99 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

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