CANADA LIFE ASSURANCE Co Has $4.57 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

CANADA LIFE ASSURANCE Co reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 33.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,040 shares of the transportation company's stock after selling 23,668 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in United Airlines were worth $4,565,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in United Airlines during the third quarter worth $129,000. Franklin Resources Inc. increased its stake in United Airlines by 214.7% in the third quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company's stock valued at $11,558,000 after acquiring an additional 138,191 shares during the period. Principal Financial Group Inc. raised its position in United Airlines by 3.2% in the third quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company's stock worth $21,581,000 after purchasing an additional 11,601 shares in the last quarter. Versant Capital Management Inc lifted its stake in United Airlines by 98.4% during the fourth quarter. Versant Capital Management Inc now owns 1,345 shares of the transportation company's stock worth $131,000 after purchasing an additional 667 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in United Airlines by 23.5% during the fourth quarter. GAMMA Investing LLC now owns 4,922 shares of the transportation company's stock valued at $478,000 after purchasing an additional 937 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UAL shares. Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. UBS Group raised their price objective 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. Barclays dropped their price target on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Morgan Stanley lifted their price target on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, TD Cowen upped their target price on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $96.60.

United Airlines Stock Down 1.2 %

NASDAQ:UAL traded down $0.85 during trading hours on Friday, reaching $68.20. 5,613,237 shares of the stock were exchanged, compared to its average volume of 7,543,078. 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 twelve month low of $37.02 and a twelve month high of $116.00. The stock has a market cap of $22.27 billion, a PE ratio of 7.23, a PEG ratio of 0.67 and a beta of 1.19. The firm has a 50 day moving average of $75.55 and a 200 day moving average of $87.85.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. On average, equities analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share 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.