Sanctuary Advisors LLC Buys 8,913 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Sanctuary Advisors LLC boosted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 49.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,801 shares of the transportation company’s stock after acquiring an additional 8,913 shares during the period. Sanctuary Advisors LLC’s holdings in United Airlines were worth $2,602,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new position in shares of United Airlines in the third quarter worth about $29,000. Hemington Wealth Management increased its stake in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Roxbury Financial LLC purchased a new position in shares of United Airlines in the fourth quarter worth about $32,000. Winch Advisory Services LLC purchased a new position in shares of United Airlines in the fourth quarter worth about $38,000. Finally, Blue Trust Inc. increased its stake in shares of United Airlines by 108.6% in the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after purchasing an additional 392 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Raymond James reiterated an “outperform” rating and issued a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. UBS Group boosted their price objective on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Susquehanna boosted their price objective on shares of United Airlines from $120.00 to $130.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. Finally, Melius Research raised shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $113.88.

United Airlines Trading Down 6.4 %

Shares of United Airlines stock opened at $95.89 on Friday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The firm has a market cap of $31.54 billion, a PE ratio of 10.17, a PEG ratio of 0.67 and a beta of 1.43. 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 50 day simple moving average of $102.94 and a two-hundred day simple moving average of $79.43.

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

United Airlines 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.