Cannell & Spears LLC Purchases 338,645 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Cannell & Spears LLC lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 115.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 631,650 shares of the transportation company's stock after purchasing an additional 338,645 shares during the period. United Airlines accounts for 1.3% of Cannell & Spears LLC's holdings, making the stock its 20th biggest position. Cannell & Spears LLC owned about 0.19% of United Airlines worth $61,333,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cerity Partners LLC increased its position in United Airlines by 111.9% during the third quarter. Cerity Partners LLC now owns 49,581 shares of the transportation company's stock worth $2,829,000 after buying an additional 26,188 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of United Airlines by 2.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 57,322 shares of the transportation company's stock worth $3,271,000 after acquiring an additional 1,600 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of United Airlines by 16.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 233,464 shares of the transportation company's stock worth $13,321,000 after acquiring an additional 32,725 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in United Airlines by 1,394.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 374,503 shares of the transportation company's stock valued at $21,368,000 after purchasing an additional 349,441 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in United Airlines by 10.3% during the third quarter. Captrust Financial Advisors now owns 16,104 shares of the transportation company's stock worth $919,000 after purchasing an additional 1,499 shares during the period. 69.69% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

UAL has been the topic of several research analyst reports. TD Cowen increased their price objective on shares of United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, January 24th. Susquehanna restated a "hold" rating on shares of United Airlines in a report on Tuesday, February 25th. UBS Group dropped their price target on United Airlines from $140.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, March 20th. Bank of America lowered their price objective on United Airlines from $125.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $111.75.

United Airlines Price Performance

Shares of UAL stock traded up $3.17 during trading hours on Wednesday, reaching $71.37. The company's stock had a trading volume of 8,178,285 shares, compared to its average volume of 7,758,143. 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 fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a market capitalization of $23.36 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.67 and a beta of 1.41. The firm's 50 day simple moving average is $91.91 and its 200-day simple moving average is $86.98.

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 the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines's revenue 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. Sell-side analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

United Airlines 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.