Candriam Luxembourg S.C.A. Invests $229,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Candriam Luxembourg S.C.A. bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 4,822 shares of the transportation company’s stock, valued at approximately $229,000.

Several other large investors have also recently made changes to their positions in the company. Parisi Gray Wealth Management bought a new position in United Airlines during the 2nd quarter valued at approximately $26,000. Atwood & Palmer Inc. bought a new position in United Airlines during the 3rd quarter valued at approximately $26,000. Strategic Asset Management LLC bought a new position in United Airlines during the 3rd quarter valued at approximately $30,000. Koshinski Asset Management Inc. bought a new position in United Airlines during the 3rd quarter valued at approximately $37,000. Finally, Harvest Fund Management Co. Ltd increased its position in United Airlines by 157.2% during the 2nd quarter. Harvest Fund Management Co. Ltd now owns 949 shares of the transportation company’s stock valued at $50,000 after buying an additional 580 shares in the last quarter. 58.13% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently weighed in on UAL. Susquehanna Bancshares raised United Airlines from a “neutral” rating to a “positive” rating and set a $60.00 price objective for the company in a research report on Thursday. Cowen lifted their target price on United Airlines from $72.00 to $78.00 and gave the stock an “outperform” rating in a report on Thursday, October 21st. Susquehanna raised United Airlines from a “neutral” rating to a “positive” rating and lifted their target price for the stock from $50.00 to $60.00 in a report on Thursday. MKM Partners raised United Airlines from a “neutral” rating to a “buy” rating and set a $54.00 target price for the company in a report on Monday, January 3rd. Finally, Barclays reduced their target price on United Airlines from $58.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of “Hold” and an average target price of $63.92.

UAL stock opened at $46.74 on Friday. The company has a market cap of $15.13 billion, a P/E ratio of -4.42 and a beta of 1.48. United Airlines Holdings, Inc. has a 1 year low of $38.88 and a 1 year high of $63.70. The company has a debt-to-equity ratio of 5.85, a current ratio of 1.36 and a quick ratio of 1.31. The stock’s fifty day moving average price is $45.39 and its 200-day moving average price is $46.84.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Monday, October 18th. The transportation company reported ($1.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.65) by $0.63. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.64 billion. United Airlines had a negative return on equity of 112.46% and a negative net margin of 16.19%. The company’s revenue for the quarter was up 211.4% on a year-over-year basis. During the same period last year, the business posted ($8.16) EPS. As a group, analysts expect that United Airlines Holdings, Inc. will post -14.55 earnings per share for the current year.

United Airlines Company Profile

United Airlines Holdings, Inc is a holding company, which offers satellite based Wi-Fi, including on long-haul overseas routes. It transports people and cargo throughout North America and to destinations in Asia, Europe, Africa, the Pacific, the Middle East and Latin America. UAL, through United and its regional carriers.

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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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