Longbow Finance SA Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Longbow Finance SA purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 96,385 shares of the transportation company's stock, valued at approximately $9,359,000. United Airlines accounts for about 1.0% of Longbow Finance SA's holdings, making the stock its 25th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company's stock worth $588,874,000 after buying an additional 78,470 shares during the period. Charles Schwab Investment Management Inc. boosted its position in United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock valued at $177,604,000 after purchasing an additional 908,558 shares in the last quarter. MidWestOne Financial Group Inc. grew its stake in United Airlines by 28.0% in the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company's stock valued at $3,064,000 after purchasing an additional 11,743 shares during the last quarter. KBC Group NV bought a new position in United Airlines in the fourth quarter worth about $485,000. Finally, Aigen Investment Management LP lifted its position in shares of United Airlines by 87.2% during the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company's stock valued at $1,079,000 after buying an additional 8,808 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Performance

Shares of United Airlines stock traded up $1.64 during trading on Friday, hitting $93.81. 10,684,886 shares of the company's stock were exchanged, compared to its average volume of 6,686,070. The stock has a market capitalization of $30.85 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 0.67 and a beta of 1.43. The business has a 50-day simple moving average of $103.07 and a 200-day simple moving average of $80.98. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the business posted $2.00 EPS. The company's revenue was up 7.8% on a year-over-year basis. On average, research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UAL. Citigroup lifted their price objective on shares of United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Dbs Bank raised United Airlines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. Melius Research raised United Airlines to a "strong-buy" rating in a research report on Monday, December 2nd. TD Cowen upped their target price on United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $113.88.

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.