Crestline Management LP Invests $291,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Crestline Management LP acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,000 shares of the transportation company’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. increased its position in shares of United Airlines by 214.7% during the third quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company’s stock valued at $11,558,000 after acquiring an additional 138,191 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of United Airlines by 3.2% during the third quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company’s stock valued at $21,581,000 after acquiring an additional 11,601 shares during the last quarter. First Hawaiian Bank purchased a new stake in shares of United Airlines during the fourth quarter valued at approximately $367,000. Czech National Bank increased its position in shares of United Airlines by 6.4% during the fourth quarter. Czech National Bank now owns 71,307 shares of the transportation company’s stock valued at $6,924,000 after acquiring an additional 4,320 shares during the last quarter. Finally, Brookstone Capital Management purchased a new stake in shares of United Airlines during the fourth quarter valued at approximately $243,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UAL has been the subject of a number of research analyst reports. Evercore ISI decreased their price target on United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. UBS Group increased their price objective on United Airlines from $59.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, April 17th. Jefferies Financial Group reduced their price objective on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. TD Cowen increased their price objective on United Airlines from $73.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, April 22nd. Finally, Barclays reduced their price objective on United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $96.60.

United Airlines Price Performance

United Airlines stock opened at $77.27 on Monday. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The business has a fifty day moving average price of $70.94 and a 200-day moving average price of $88.22. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market capitalization of $25.24 billion, a P/E ratio of 8.19, a PEG ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16. The firm had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

About United Airlines

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.