BI Asset Management Fondsmaeglerselskab A S Purchases New Shares in United Airlines Holdings, Inc. (NASDAQ:UAL)

BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 23,595 shares of the transportation company's stock, valued at approximately $2,291,000.

Several other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in United Airlines in the 3rd quarter worth $129,000. Franklin Resources Inc. raised its holdings in shares of United Airlines by 214.7% in the 3rd quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company's stock worth $11,558,000 after buying an additional 138,191 shares in the last quarter. Principal Financial Group Inc. lifted its holdings 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 period. Versant Capital Management Inc boosted its position in United Airlines by 98.4% in the fourth quarter. Versant Capital Management Inc now owns 1,345 shares of the transportation company's stock valued at $131,000 after buying an additional 667 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of United Airlines by 23.5% in the 4th quarter. GAMMA Investing LLC now owns 4,922 shares of the transportation company's stock worth $478,000 after acquiring an additional 937 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on UAL. Bank of America decreased their price objective on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. Susquehanna lowered their price target on United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Raymond James lowered United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. UBS Group raised their target price on shares of United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Finally, Barclays reduced their price target on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $97.14.

United Airlines Stock Up 1.5 %

Shares of NASDAQ UAL traded up $1.02 during trading hours on Thursday, hitting $69.05. The company had a trading volume of 7,006,337 shares, compared to its average volume of 7,553,600. The stock has a market capitalization of $22.63 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The firm's 50 day moving average is $76.25 and its 200-day moving average is $87.60. 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 (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

United Airlines Company Profile

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.