Brandywine Global Investment Management LLC lessened its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 200,347 shares of the transportation company's stock after selling 15,788 shares during the period. Brandywine Global Investment Management LLC owned 0.06% of United Airlines worth $19,454,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UAL. Boston Partners purchased a new stake in shares of United Airlines in the fourth quarter valued at about $323,508,000. Norges Bank acquired a new stake in United Airlines in the fourth quarter valued at about $170,732,000. Prudential Financial Inc. boosted its holdings in United Airlines by 310.2% in the 4th quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company's stock valued at $112,996,000 after purchasing an additional 879,992 shares in the last quarter. SG Americas Securities LLC increased its position in United Airlines by 1,492.8% during the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company's stock worth $88,557,000 after purchasing an additional 854,759 shares during the period. Finally, Holocene Advisors LP raised its stake in shares of United Airlines by 529.7% during the 3rd quarter. Holocene Advisors LP now owns 822,861 shares of the transportation company's stock worth $46,952,000 after buying an additional 692,176 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of brokerages recently weighed in on UAL. Susquehanna reaffirmed a "hold" rating on shares of United Airlines in a report on Tuesday, February 25th. Morgan Stanley upped their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Raymond James reiterated an "outperform" rating and issued a $130.00 price target (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Melius Research raised shares of United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. Finally, Jefferies Financial Group dropped their target price on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $111.75.
Check Out Our Latest Stock Analysis on United Airlines
United Airlines Price Performance
United Airlines stock traded down $0.85 during mid-day trading on Tuesday, hitting $68.20. 8,521,431 shares of the company were exchanged, compared to its average volume of 7,756,445. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The business's 50 day simple moving average is $91.91 and its two-hundred day simple moving average is $86.98. The company has a market capitalization of $22.32 billion, a P/E ratio of 7.23, a PEG ratio of 0.67 and a beta of 1.41.
United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the company posted $2.00 EPS. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.
About United Airlines
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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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