Interval Partners LP Buys Shares of 2,158,604 United Airlines Holdings, Inc. (NASDAQ:UAL)

Interval Partners LP purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 2,158,604 shares of the transportation company’s stock, valued at approximately $103,354,000. United Airlines accounts for 2.9% of Interval Partners LP’s portfolio, making the stock its largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in UAL. Appian Way Asset Management LP bought a new position in United Airlines during the first quarter valued at about $11,447,000. Price T Rowe Associates Inc. MD boosted its position in shares of United Airlines by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after purchasing an additional 64,542 shares in the last quarter. BOKF NA grew its stake in shares of United Airlines by 17.7% in the 1st quarter. BOKF NA now owns 58,618 shares of the transportation company’s stock worth $2,776,000 after purchasing an additional 8,836 shares during the last quarter. Senator Investment Group LP bought a new stake in shares of United Airlines in the 1st quarter worth approximately $35,910,000. Finally, Canada Pension Plan Investment Board lifted its stake in United Airlines by 452.0% during the first quarter. Canada Pension Plan Investment Board now owns 713,800 shares of the transportation company’s stock valued at $34,177,000 after purchasing an additional 584,500 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Down 0.3 %

Shares of NASDAQ:UAL traded down $0.15 during midday trading on Tuesday, hitting $46.61. 6,800,266 shares of the stock were exchanged, compared to its average volume of 8,950,328. The company has a market capitalization of $15.33 billion, a PE ratio of 5.76, a P/E/G ratio of 0.77 and a beta of 1.44. United Airlines Holdings, Inc. has a 52-week low of $33.68 and a 52-week high of $56.17. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. The business’s fifty day simple moving average is $49.38 and its two-hundred day simple moving average is $46.94.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. The company had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $5.03 EPS. As a group, research analysts predict that United Airlines Holdings, Inc. will post 9.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on UAL shares. Wolfe Research raised United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Friday, May 17th. TD Cowen boosted their target price on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. HSBC started coverage on United Airlines in a report on Monday, May 13th. They set a “buy” rating and a $69.20 target price for the company. Raymond James lifted their price target on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Finally, Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and upped their price objective for the company from $54.00 to $65.00 in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.20.

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.