Watershed Asset Management L.L.C. Has $270,000 Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Watershed Asset Management L.L.C. increased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,537 shares of the transportation company’s stock after buying an additional 375 shares during the quarter. Watershed Asset Management L.L.C.’s holdings in United Airlines were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. JB Capital LLC acquired a new stake in United Airlines during the fourth quarter valued at approximately $201,000. NWI Management LP boosted its holdings in United Airlines by 69.6% during the third quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock valued at $8,249,000 after purchasing an additional 80,000 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in United Airlines by 3,636.1% during the fourth quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock valued at $3,393,000 after purchasing an additional 80,030 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in United Airlines by 43.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock valued at $12,197,000 after purchasing an additional 89,106 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in United Airlines by 1,993.1% during the third quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock valued at $36,456,000 after purchasing an additional 820,660 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on UAL. Evercore ISI upgraded shares of United Airlines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $58.00 to $65.00 in a research note on Friday, February 9th. TD Cowen lifted their target price on shares of United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. StockNews.com upgraded shares of United Airlines from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. Redburn Atlantic cut shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Tuesday, February 13th. Finally, Susquehanna lifted their target price on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.53.

United Airlines Stock Performance

Shares of NASDAQ:UAL traded up $0.09 on Tuesday, reaching $54.03. 12,559,107 shares of the company’s stock were exchanged, compared to its average volume of 10,510,934. The company has a fifty day moving average of $44.93 and a 200-day moving average of $41.67. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23. The company has a market capitalization of $17.77 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 0.52 and a beta of 1.55. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The firm had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same quarter in the prior year, the business posted $2.46 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. On average, research analysts predict that United Airlines Holdings, Inc. will post 9.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kate Gebo sold 15,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the sale, the executive vice president now owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is currently owned by company insiders.

United Airlines 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.