Federated Hermes Inc. Increases Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Federated Hermes Inc. boosted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 1,326.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,499 shares of the transportation company's stock after acquiring an additional 110,191 shares during the period. Federated Hermes Inc.'s holdings in United Airlines were worth $11,506,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of UAL. Bank of Jackson Hole Trust bought a new stake in United Airlines during the 4th quarter valued at $25,000. Hemington Wealth Management raised its position in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in United Airlines during the fourth quarter worth about $32,000. Roxbury Financial LLC purchased a new position in shares of United Airlines in the 4th quarter worth about $32,000. Finally, Bell Investment Advisors Inc increased its position in shares of United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on UAL shares. Morgan Stanley increased their target price on shares of United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Barclays dropped their target price on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Susquehanna lowered their price objective on United Airlines from $130.00 to $90.00 and set a "positive" rating for the company in a research report on Monday, April 7th. Jefferies Financial Group cut their price target on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, UBS Group downgraded United Airlines from a "buy" rating to a "neutral" rating and reduced their price target for the company from $107.00 to $59.00 in a report on Monday, April 7th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $102.01.

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United Airlines Trading Up 3.1 %

Shares of NASDAQ UAL traded up $2.06 during mid-day trading on Tuesday, reaching $67.75. The company had a trading volume of 3,671,116 shares, compared to its average volume of 8,671,146. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The business's 50-day moving average is $82.35 and its 200-day moving average is $87.47.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business's revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $2.00 EPS. Equities analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current 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.