United Airlines Sees Unusually Large Options Volume (NASDAQ:UAL)

United Airlines Holdings, Inc. (NASDAQ:UALGet Free Report) was the recipient of unusually large options trading on Monday. Investors bought 73,403 call options on the company. This represents an increase of 53% compared to the typical volume of 48,089 call options.

Hedge Funds Weigh In On United Airlines

Several hedge funds have recently made changes to their positions in UAL. Bartlett & Co. LLC grew its stake in shares of United Airlines by 200.0% during the 3rd quarter. Bartlett & Co. LLC now owns 600 shares of the transportation company’s stock worth $25,000 after acquiring an additional 400 shares in the last quarter. NBC Securities Inc. bought a new position in shares of United Airlines during the 3rd quarter worth approximately $25,000. Loomis Sayles & Co. L P grew its stake in shares of United Airlines by 707.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after acquiring an additional 545 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of United Airlines by 72.1% in the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after buying an additional 274 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new stake in shares of United Airlines in the 4th quarter valued at approximately $27,000. 69.69% of the stock is owned by institutional investors.

United Airlines Price Performance

NASDAQ UAL opened at $45.42 on Wednesday. The business has a 50 day simple moving average of $42.76 and a 200 day simple moving average of $41.33. United Airlines has a 52-week low of $33.68 and a 52-week high of $58.23. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 5.76, a PEG ratio of 0.64 and a beta of 1.54.

United Airlines (NASDAQ:UALGet Free Report) last posted 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 return on equity of 41.01% and a net margin of 4.87%. The business had revenue of $13.63 billion during the quarter, compared to analysts’ expectations of $13.55 billion. During the same period in the prior year, the business earned $2.46 EPS. United Airlines’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts anticipate that United Airlines will post 9.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UAL. Bank of America upgraded United Airlines from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $40.00 to $56.00 in a research report on Tuesday, January 9th. Susquehanna upgraded United Airlines from a “neutral” rating to a “positive” rating and lifted their price objective for the stock from $40.00 to $60.00 in a research report on Wednesday, January 10th. Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. StockNews.com lowered United Airlines from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, TD Cowen boosted their target price on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.93.

Read Our Latest Analysis on United Airlines

About United Airlines

(Get Free Report)

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.

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