7,993 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Acquired by Choreo LLC

Choreo LLC acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,993 shares of the transportation company’s stock, valued at approximately $387,000.

Several other large investors have also recently added to or reduced their stakes in UAL. BNP Paribas acquired a new position in shares of United Airlines in the 1st quarter valued at approximately $25,000. Fidelis Capital Partners LLC acquired a new position in United Airlines during the first quarter valued at approximately $27,000. Crewe Advisors LLC bought a new stake in United Airlines during the first quarter worth $32,000. GoalVest Advisory LLC acquired a new stake in shares of United Airlines in the 1st quarter valued at $33,000. Finally, UMB Bank n.a. increased its stake in shares of United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 255 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

United Airlines stock opened at $51.34 on Tuesday. The stock’s 50 day moving average is $44.47 and its 200 day moving average is $47.33. United Airlines Holdings, Inc. has a one year low of $33.68 and a one year high of $56.17. The firm has a market cap of $16.88 billion, a P/E ratio of 6.35, a P/E/G ratio of 1.04 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period in the prior year, the firm posted $5.03 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, research analysts expect that United Airlines Holdings, Inc. will post 9.73 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on UAL. 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. Citigroup lifted 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. Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and increased their price objective for the company from $54.00 to $65.00 in a research note on Wednesday, May 29th. Finally, TD Cowen boosted their target price on shares of United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.68.

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.