Cibc World Markets Corp Purchases 11,496 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Cibc World Markets Corp raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 45.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,985 shares of the transportation company’s stock after buying an additional 11,496 shares during the period. Cibc World Markets Corp’s holdings in United Airlines were worth $3,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Bank of Jackson Hole Trust acquired a new position in United Airlines during the 4th quarter valued at approximately $25,000. Hemington Wealth Management increased its stake in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after acquiring an additional 131 shares during the period. Whipplewood Advisors LLC purchased a new stake in United Airlines during the fourth quarter worth $32,000. Roxbury Financial LLC purchased a new stake in United Airlines during the fourth quarter worth $32,000. Finally, Bell Investment Advisors Inc boosted its holdings in United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

United Airlines stock opened at $74.04 on Friday. The company has a market cap of $24.24 billion, a PE ratio of 7.85, a P/E/G ratio of 0.67 and a beta of 1.41. The company has a fifty day moving average price of $97.17 and a two-hundred day moving average price of $84.91. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.00 earnings per share. Research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on UAL. Barclays set a $140.00 price objective on shares of United Airlines and gave the company an “overweight” rating in a report on Wednesday, March 12th. Citigroup raised their price objective on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price target on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. UBS Group dropped their price target on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday. Finally, TD Cowen lifted their price objective on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $112.75.

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.