Raymond James Financial Inc. Takes $34.23 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Raymond James Financial Inc. bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 352,468 shares of the transportation company’s stock, valued at approximately $34,225,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new position in shares of United Airlines during the fourth quarter worth about $25,000. Hemington Wealth Management increased its holdings in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after buying an additional 131 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of United Airlines during the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC bought a new position in shares of United Airlines during the fourth quarter valued at approximately $32,000. Finally, Winch Advisory Services LLC bought a new position in shares of United Airlines during the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UAL. UBS Group increased their price objective on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Citigroup upped their target price on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Raymond James reiterated an “outperform” rating and set a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Bank of America cut their target price on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, United Airlines presently has a consensus rating of “Buy” and a consensus target price of $114.95.

United Airlines Stock Down 3.5 %

NASDAQ UAL opened at $69.90 on Friday. 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 stock’s 50 day moving average is $99.88 and its two-hundred day moving average is $83.84. The company has a market capitalization of $22.88 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year 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 firm 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%. United Airlines’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.00 EPS. Equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal 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.