Aristeia Capital L.L.C. Invests $469,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Aristeia Capital L.L.C. acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,635 shares of the transportation company’s stock, valued at approximately $469,000.

Other hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its stake in shares of United Airlines by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after acquiring an additional 64,542 shares during the period. Bessemer Group Inc. raised its position in United Airlines by 47.4% in the first quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock valued at $261,000 after purchasing an additional 1,759 shares during the period. Tidal Investments LLC lifted its stake in United Airlines by 16.4% during the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after purchasing an additional 2,456 shares in the last quarter. Jade Capital Advisors LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at $7,145,000. Finally, Texas Permanent School Fund Corp raised its holdings in shares of United Airlines by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 67,719 shares of the transportation company’s stock valued at $3,242,000 after buying an additional 669 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

United Airlines Trading Up 0.4 %

NASDAQ:UAL opened at $52.36 on Tuesday. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $56.17. The stock has a market cap of $17.22 billion, a P/E ratio of 6.47, a P/E/G 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. The stock has a 50-day simple moving average of $45.14 and a 200-day simple moving average of $47.63.

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

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.