Proficio Capital Partners LLC Invests $137,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Proficio Capital Partners LLC has recently taken a significant step by acquiring a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter of the previous year, according to their latest regulatory filing with the SEC. They purchased 136,523 shares of the airline's stock, with a total investment value of around $137,000.

Alongside Proficio, several other institutional investors have either increased or decreased their investments in United Airlines. For example, Bank of Jackson Hole Trust established a new position in the company valued at approximately $25,000 in the same quarter. Meanwhile, Hemington Wealth Management raised its stake in United Airlines by an impressive 70.8%. After acquiring an additional 131 shares, their total ownership now stands at 316 shares, valued at $30,000. Other firms such as Roxbury Financial LLC and Whipplewood Advisors LLC also entered new positions during this period, with investments around $32,000 each. Additionally, Winch Advisory Services LLC made a new investment valued at $38,000. Collectively, institutional investors now own 69.69% of United Airlines' stock.

Stock Performance Overview

On a recent trading day, shares of United Airlines opened at $72.46. The company boasts a market capitalization of $23.72 billion, with a price-to-earnings (P/E) ratio of 7.68 and a price-to-earnings-growth (PEG) ratio of 0.67. Over the past year, United Airlines shares have seen a low of $37.02 and a high of $116.00. The firm’s quick ratio is 0.74, while the current ratio stands at 0.81. Its debt-to-equity ratio is 1.99, indicating some level of leverage in its capital structure. The fifty-day moving average for the stock is $100.39, and the 200-day moving average is $83.93.

On January 21st, United Airlines released its latest quarterly earnings report, showing an earnings per share (EPS) of $3.26 for the quarter. This result exceeded the analysts' average estimate of $2.96 by $0.30. Additionally, the airline achieved a return on equity of 32.26% and a net margin of 5.52%. Its total revenue reached $14.70 billion in this quarter, surpassing analyst expectations of $14.40 billion. In the same quarter the previous year, United reported an EPS of $2.00. Year-over-year, the revenue increased by 7.8%, and analysts project that United Airlines Holdings, Inc. will see an EPS of 12.96 for the current fiscal year.

Analysts' Ratings and Future Projections

Recent reports from various analysts regarding United Airlines' stock have been largely positive. For instance, Dbs Bank upgraded the airline's stock rating from “hold” to “strong-buy” in late November. Meanwhile, The Goldman Sachs Group reaffirmed a “buy” rating, setting a price target of $119.00 for the shares in their research note. Citigroup also raised their target price from $98.00 to $122.00, while TD Cowen increased their target from $142.00 to $165.00, both assigning a “buy” rating. JPMorgan Chase & Co. has similarly raised their price target on United Airlines from $108.00 to $133.00 and rated the stock as “overweight.” Overall, there are two analysts who suggest holding the stock, fourteen who have issued a buy rating, and two who rate it as a strong buy. According to data from MarketBeat, the stock enjoys a consensus rating of “Buy” with an average price target of $114.95.

About United Airlines

United Airlines Holdings, Inc. is a major airline that offers air transportation services across various regions, including North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company provides both passenger and cargo transport through its mainline and regional operations. In addition to its core services, United Airlines also offers catering, ground handling, flight training, and maintenance services to third parties.

investment, airlines, finance