Khrom Capital Management LLC Purchases Shares of 532,000 United Airlines Holdings, Inc. (NASDAQ:UAL)

Khrom Capital Management LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 532,000 shares of the transportation company's stock, valued at approximately $51,657,000. United Airlines accounts for about 5.8% of Khrom Capital Management LLC's investment portfolio, making the stock its 7th largest position. Khrom Capital Management LLC owned about 0.16% of United Airlines at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sanders Capital LLC raised its holdings in shares of United Airlines by 46.4% during the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after acquiring an additional 4,390,721 shares in the last quarter. Boston Partners purchased a new stake in shares of United Airlines during the 4th quarter valued at about $323,508,000. FMR LLC raised its holdings in shares of United Airlines by 70.9% during the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after purchasing an additional 3,015,979 shares during the last quarter. Senator Investment Group LP grew its position in United Airlines by 214.8% in the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock worth $316,648,000 after purchasing an additional 2,225,000 shares during the period. Finally, Capital World Investors lifted its holdings in shares of United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after buying an additional 1,791,654 shares during the period. Institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

NASDAQ:UAL opened at $65.30 on Tuesday. The firm has a market cap of $21.40 billion, a P/E ratio of 6.92, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The stock has a 50 day moving average of $78.36 and a two-hundred day moving average of $87.81. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. 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 (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. On average, analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UAL. Jefferies Financial Group cut their target price on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. JPMorgan Chase & Co. lifted their price objective on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Susquehanna reduced their price objective on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research report on Thursday, April 17th. Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Finally, Morgan Stanley increased their price target on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Three 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $97.14.

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.

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