Millstone Evans Group LLC Takes $87,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Millstone Evans Group LLC acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 900 shares of the transportation company’s stock, valued at approximately $87,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC boosted its holdings in shares of United Airlines by 433.5% during the 4th quarter. TD Private Client Wealth LLC now owns 7,266 shares of the transportation company’s stock worth $706,000 after buying an additional 5,904 shares during the period. iA Global Asset Management Inc. bought a new stake in shares of United Airlines during the 4th quarter worth about $11,754,000. Royal London Asset Management Ltd. boosted its holdings in shares of United Airlines by 105.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 7,028 shares of the transportation company’s stock worth $682,000 after buying an additional 3,608 shares during the period. Harvest Fund Management Co. Ltd bought a new stake in shares of United Airlines during the 4th quarter worth about $128,000. Finally, Boston Partners bought a new stake in shares of United Airlines during the 4th quarter worth about $323,508,000. Institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on UAL. Raymond James reaffirmed an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Citigroup lifted their price objective on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. TD Cowen lifted their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Finally, Barclays set a $140.00 price objective on shares of United Airlines and gave the stock an “overweight” rating in a research note on Wednesday, March 12th. Two equities research 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $112.75.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $74.87 on Friday. The firm has a 50 day moving average of $96.52 and a 200-day moving average of $85.41. The stock has a market capitalization of $24.51 billion, a PE ratio of 7.94, a PEG ratio of 0.67 and a beta of 1.41. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. 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 issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate 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 net margin of 5.52% and a return on equity of 32.26%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.00 EPS. On average, equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

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.