Atlas Capital Advisors Inc. Boosts Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Atlas Capital Advisors Inc. increased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 3,012.0% in the 4th quarter, Holdings Channel reports. The fund owned 2,334 shares of the transportation company’s stock after buying an additional 2,259 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in United Airlines were worth $227,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ExodusPoint Capital Management LP boosted its holdings in shares of United Airlines by 23.7% in the 4th quarter. ExodusPoint Capital Management LP now owns 103,933 shares of the transportation company’s stock worth $10,092,000 after purchasing an additional 19,933 shares in the last quarter. World Investment Advisors bought a new stake in United Airlines in the 4th quarter worth approximately $442,000. Huntington National Bank boosted its stake in United Airlines by 33.1% in the fourth quarter. Huntington National Bank now owns 1,758 shares of the transportation company’s stock worth $171,000 after buying an additional 437 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in United Airlines by 3.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 202,917 shares of the transportation company’s stock valued at $19,703,000 after acquiring an additional 7,471 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its stake in shares of United Airlines by 13.9% during the fourth quarter. Meeder Advisory Services Inc. now owns 9,327 shares of the transportation company’s stock worth $906,000 after acquiring an additional 1,136 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UAL shares. Jefferies Financial Group reduced their target price on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a report on Tuesday. Raymond James downgraded United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday. Morgan Stanley boosted their target price on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their price target on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Bank of America dropped their price objective on United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $111.08.

United Airlines Price Performance

Shares of UAL opened at $57.67 on Friday. The firm’s 50-day simple moving average is $89.38 and its two-hundred day simple moving average is $86.73. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The stock has a market cap of $18.88 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the company earned $2.00 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. 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.