American Century Companies Inc. Buys 52,799 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

American Century Companies Inc. grew its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 602,958 shares of the transportation company's stock after buying an additional 52,799 shares during the quarter. American Century Companies Inc. owned 0.18% of United Airlines worth $58,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Boston Partners purchased a new stake in shares of United Airlines during the fourth quarter valued at $323,508,000. Castle Hook Partners LP lifted its stake in United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock valued at $242,227,000 after acquiring an additional 2,707,442 shares during the period. Rubric Capital Management LP purchased a new stake in shares of United Airlines during the 3rd quarter valued at about $63,486,000. Sanders Capital LLC grew its stake in shares of United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock worth $539,650,000 after acquiring an additional 1,040,589 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of United Airlines by 1,492.8% during the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company's stock valued at $88,557,000 after purchasing an additional 854,759 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of research firms have commented on UAL. Bank of America cut their target price on shares of United Airlines from $125.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, March 12th. Susquehanna reaffirmed a "hold" rating on shares of United Airlines in a report on Tuesday, February 25th. Melius Research raised United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. UBS Group cut their price target on United Airlines from $140.00 to $107.00 and set a "buy" rating for the company in a research note on Thursday, March 20th. Finally, Barclays set a $140.00 price objective on shares of United Airlines and gave the stock an "overweight" rating in a research note on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $112.75.

United Airlines Price Performance

NASDAQ UAL traded down $3.54 during trading on Friday, hitting $69.99. 3,863,208 shares of the stock traded hands, compared to its average volume of 7,723,673. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The firm has a 50-day simple moving average of $94.27 and a 200-day simple moving average of $86.03. The company has a market capitalization of $22.91 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results 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. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm posted $2.00 earnings per share. As a group, analysts predict 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.