Kendall Capital Management Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Kendall Capital Management purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,080 shares of the transportation company’s stock, valued at approximately $247,000.

Several other hedge funds have also added to or reduced their stakes in UAL. BNP Paribas bought a new stake in shares of United Airlines during the 1st quarter valued at $25,000. Fidelis Capital Partners LLC bought a new stake in United Airlines in the first quarter valued at about $27,000. Crewe Advisors LLC acquired a new position in United Airlines in the first quarter valued at about $32,000. UMB Bank n.a. boosted its holdings in United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after buying an additional 255 shares during the last quarter. Finally, GoalVest Advisory LLC acquired a new position in shares of United Airlines during the 1st quarter worth about $33,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Down 0.7 %

NASDAQ:UAL opened at $52.59 on Friday. The stock has a 50-day simple moving average of $44.83 and a 200 day simple moving average of $47.46. United Airlines Holdings, Inc. has a 52-week low of $33.68 and a 52-week high of $56.17. The company has a market cap of $17.29 billion, a PE ratio of 6.50, a PEG ratio of 1.08 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping the consensus estimate of $3.97 by $0.17. The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $5.03 EPS. On average, sell-side analysts expect that United Airlines Holdings, Inc. will post 9.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UAL. TD Cowen increased their price target on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and lifted their price target for the stock from $54.00 to $65.00 in a research report on Wednesday, May 29th. Citigroup boosted their price target on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Finally, Redburn Atlantic raised United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Thursday, June 6th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.68.

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.