Fox Run Management L.L.C. Buys Shares of 6,256 United Airlines Holdings, Inc. (NASDAQ:UAL)

Fox Run Management L.L.C. purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,256 shares of the transportation company’s stock, valued at approximately $607,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in shares of United Airlines in the 4th quarter worth about $137,000. State Street Corp lifted its holdings in United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after buying an additional 78,470 shares during the last quarter. Longbow Finance SA acquired a new position in shares of United Airlines in the 4th quarter worth approximately $9,359,000. MidWestOne Financial Group Inc. increased its holdings in shares of United Airlines by 28.0% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after acquiring an additional 11,743 shares during the last quarter. Finally, KBC Group NV acquired a new stake in shares of United Airlines during the 4th quarter valued at approximately $485,000. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Up 7.1 %

UAL stock opened at $80.22 on Tuesday. The firm’s 50-day moving average is $96.04 and its two-hundred day moving average is $85.95. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $26.26 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00.

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

Analysts Set New Price Targets

Several research firms have weighed in on UAL. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. UBS Group decreased their target price on United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Morgan Stanley increased their price target on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Citigroup upped their price objective on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $112.75.

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.