Handelsbanken Fonder AB increased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 64.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,866 shares of the transportation company's stock after buying an additional 20,633 shares during the quarter. Handelsbanken Fonder AB's holdings in United Airlines were worth $5,133,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in UAL. State Street Corp raised its position in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company's stock valued at $588,874,000 after purchasing an additional 78,470 shares in the last quarter. Sanders Capital LLC raised its holdings in United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock valued at $539,650,000 after acquiring an additional 1,040,589 shares in the last quarter. Geode Capital Management LLC boosted its stake in United Airlines by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company's stock valued at $477,526,000 after acquiring an additional 168,498 shares during the last quarter. Castle Hook Partners LP grew its holdings in United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock worth $242,227,000 after acquiring an additional 2,707,442 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock worth $177,604,000 after purchasing an additional 908,558 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on UAL shares. Raymond James reiterated an "outperform" rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Dbs Bank upgraded United Airlines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. Morgan Stanley lifted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. UBS Group increased their target price on shares of United Airlines from $139.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Finally, Melius Research raised shares of United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $113.88.
Get Our Latest Report on UAL
United Airlines Stock Down 5.4 %
Shares of UAL stock traded down $5.23 on Thursday, reaching $92.17. 8,149,555 shares of the company's stock traded hands, compared to its average volume of 6,580,614. The business's 50 day moving average price is $103.14 and its two-hundred day moving average price is $80.90. The company has a market capitalization of $30.31 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.96 by $0.30. The company 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 firm's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 EPS. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.
About United Airlines
(
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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