Myriad Asset Management US LP Invests $1.66 Million in United Airlines Holdings, Inc. (NASDAQ:UAL)

Myriad Asset Management US LP bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 17,102 shares of the transportation company’s stock, valued at approximately $1,661,000. United Airlines comprises about 1.1% of Myriad Asset Management US LP’s investment portfolio, making the stock its 25th largest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CWM LLC boosted its holdings in shares of United Airlines by 79.5% in the 3rd quarter. CWM LLC now owns 13,607 shares of the transportation company’s stock valued at $776,000 after buying an additional 6,027 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of United Airlines in the 3rd quarter valued at about $344,000. Creative Planning boosted its holdings in shares of United Airlines by 16.5% in the 3rd quarter. Creative Planning now owns 132,807 shares of the transportation company’s stock valued at $7,578,000 after buying an additional 18,767 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in United Airlines by 19.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,928 shares of the transportation company’s stock valued at $338,000 after purchasing an additional 982 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in United Airlines by 16.3% during the 3rd quarter. V Square Quantitative Management LLC now owns 7,527 shares of the transportation company’s stock valued at $429,000 after purchasing an additional 1,057 shares during the period. Institutional investors own 69.69% of the company’s stock.

Insider Activity at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UAL. Citigroup boosted their target price on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays boosted their price target on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Morgan Stanley boosted their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $113.88.

United Airlines Stock Up 3.3 %

UAL stock opened at $104.26 on Friday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company’s 50 day simple moving average is $102.26 and its 200-day simple moving average is $76.95. 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 firm has a market capitalization of $34.29 billion, a P/E ratio of 11.06, a P/E/G ratio of 0.71 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results 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. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the business earned $2.00 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that United Airlines Holdings, Inc. will post 13.09 EPS 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.