Proficio Capital Partners LLC Invests $137,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Proficio Capital Partners LLC acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 136,523 shares of the transportation company’s stock, valued at approximately $137,000.

Several other hedge funds have also added to or reduced their stakes in the business. Bank of Jackson Hole Trust bought a new stake in shares of United Airlines in the fourth quarter worth about $25,000. Hemington Wealth Management increased its stake in United Airlines by 70.8% during the 4th 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. Whipplewood Advisors LLC acquired a new stake in United Airlines during the 4th quarter worth approximately $32,000. Roxbury Financial LLC bought a new position in United Airlines in the fourth quarter valued at approximately $32,000. Finally, Winch Advisory Services LLC acquired a new position in shares of United Airlines in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on UAL shares. Barclays set a $140.00 price objective on shares of United Airlines and gave the stock an “overweight” rating in a report on Wednesday. Raymond James reissued an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. TD Cowen increased their price objective on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. lifted their target price on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price target on shares of United Airlines in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $114.95.

United Airlines Stock Down 4.7 %

United Airlines stock opened at $72.46 on Thursday. 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’s 50-day moving average is $100.39 and its 200-day moving average is $83.93. The firm has a market capitalization of $23.72 billion, a PE ratio of 7.68, a P/E/G ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

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