Entropy Technologies LP Purchases Shares of 51,953 United Airlines Holdings, Inc. (NASDAQ:UAL)

Entropy Technologies LP acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 51,953 shares of the transportation company’s stock, valued at approximately $2,488,000.

Other hedge funds also recently modified their holdings of the company. U S Global Investors Inc. increased its holdings in shares of United Airlines by 31.9% during the fourth quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after acquiring an additional 1,005,170 shares in the last quarter. Norges Bank bought a new stake in United Airlines during the 4th quarter valued at $41,114,000. Dimensional Fund Advisors LP raised its holdings in United Airlines by 24.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock worth $170,974,000 after buying an additional 812,257 shares during the last quarter. Retirement Systems of Alabama lifted its stake in shares of United Airlines by 751.5% in the first quarter. Retirement Systems of Alabama now owns 615,478 shares of the transportation company’s stock valued at $29,469,000 after buying an additional 543,195 shares in the last quarter. Finally, Pinebridge Investments L.P. grew its holdings in shares of United Airlines by 219.0% during the fourth quarter. Pinebridge Investments L.P. now owns 600,684 shares of the transportation company’s stock valued at $24,784,000 after buying an additional 412,397 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

UAL has been the topic of several recent research reports. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Raymond James raised their target price on United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. HSBC began coverage on United Airlines in a report on Monday, May 13th. They set a “buy” rating and a $69.20 price target for the company. UBS Group assumed coverage on United Airlines in a research note on Wednesday, March 20th. They set a “neutral” rating and a $47.00 price objective on the stock. Finally, Citigroup upped their target price on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.20.

Insider Activity at United Airlines

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

United Airlines Stock Performance

United Airlines stock traded down $0.13 during trading on Wednesday, hitting $46.94. The stock had a trading volume of 14,424,802 shares, compared to its average volume of 8,952,414. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The stock’s 50 day moving average is $50.51 and its two-hundred day moving average is $46.63. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $58.23. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 5.80, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.38. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.43 billion. As a group, analysts predict that United Airlines Holdings, Inc. will post 9.97 EPS for the current year.

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.