Skye Global Management LP Purchases 9,000 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Skye Global Management LP increased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 28.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,500 shares of the transportation company’s stock after buying an additional 9,000 shares during the quarter. Skye Global Management LP’s holdings in United Airlines were worth $3,933,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of UAL. Diversify Advisory Services LLC grew its position in shares of United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock worth $508,000 after purchasing an additional 101 shares in the last quarter. Wahed Invest LLC grew its holdings in United Airlines by 5.4% during the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company’s stock valued at $204,000 after buying an additional 108 shares in the last quarter. Metis Global Partners LLC raised its position in shares of United Airlines by 2.0% during the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after buying an additional 129 shares during the last quarter. Hemington Wealth Management lifted its holdings 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 buying an additional 131 shares in the last quarter. Finally, Bell Investment Advisors Inc boosted its position in shares of 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 acquiring an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. UBS Group lifted their price target on shares of United Airlines from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Barclays decreased their target price on United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of United Airlines in a research note on Tuesday. Raymond James downgraded United Airlines from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 2nd. Finally, Cantor Fitzgerald set a $88.00 price objective on United Airlines in a report on Tuesday, April 22nd. 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 stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $98.31.

United Airlines Stock Down 3.1%

NASDAQ UAL opened at $76.54 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The firm has a market capitalization of $25.00 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 0.67 and a beta of 1.39. The company has a fifty day moving average of $70.52 and a two-hundred day moving average of $88.14.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $13.21 billion during the quarter, compared to analysts’ expectations of $13.47 billion. On average, analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current 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.