EA Series Trust Acquires Shares of 4,108 United Airlines Holdings, Inc. (NASDAQ:UAL)

Posted by Defense World Staff on Oct 24th, 2023

EA Series Trust purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) during the second quarter, HoldingsChannel.com reports. The fund purchased 4,108 shares of the transportation company’s stock, valued at approximately $225,000.

A number of other hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in United Airlines by 7.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 22,619 shares of the transportation company’s stock valued at $1,048,000 after purchasing an additional 1,663 shares during the period. Panagora Asset Management Inc. purchased a new stake in United Airlines in the first quarter worth about $482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in United Airlines by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,326 shares of the transportation company’s stock valued at $2,009,000 after acquiring an additional 2,683 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of United Airlines by 2.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 72,334 shares of the transportation company’s stock worth $3,503,000 after acquiring an additional 1,438 shares during the period. Finally, Vontobel Holding Ltd. raised its position in shares of United Airlines by 81.9% in the 1st quarter. Vontobel Holding Ltd. now owns 14,960 shares of the transportation company’s stock worth $694,000 after acquiring an additional 6,737 shares in the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $35.38 on Tuesday. The firm’s 50-day moving average price is $44.67 and its 200-day moving average price is $48.64. United Airlines Holdings, Inc. has a 52-week low of $34.69 and a 52-week high of $58.23. The company has a market cap of $11.61 billion, a PE ratio of 4.10, a PEG ratio of 0.08 and a beta of 1.44. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 2.94.

United Airlines (NASDAQ:UAL – Get Free Report) last issued its earnings results on Wednesday, October 18th. The transportation company reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.27. The company had revenue of $14.50 billion for the quarter, compared to analysts’ expectations of $14.43 billion. United Airlines had a net margin of 5.45% and a return on equity of 46.26%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company posted $2.81 earnings per share. As a group, analysts anticipate that United Airlines Holdings, Inc. will post 9.94 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on UAL. JPMorgan Chase & Co. raised their price objective on United Airlines from $93.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 19th. TheStreet upgraded shares of United Airlines from a “c” rating to a “b-” rating in a report on Wednesday, July 19th. TD Cowen lifted their target price on shares of United Airlines from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, July 21st. Bank of America upped their price target on United Airlines from $43.00 to $50.00 in a research note on Monday, June 26th. Finally, Redburn Partners raised United Airlines from a “neutral” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Monday, August 7th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.87.

Read Our Latest Stock Report on UAL

United Airlines Company Profile

(Free Report)

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, training, and maintenance services for third parties.