Susquehanna Fundamental Investments LLC lifted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 28.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,943 shares of the transportation company's stock after purchasing an additional 52,458 shares during the period. Susquehanna Fundamental Investments LLC owned 0.07% of United Airlines worth $11,530,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Interval Partners LP purchased a new stake in shares of United Airlines in the first quarter valued at $103,354,000. Point72 Asset Management L.P. raised its stake in shares of United Airlines by 489.2% in the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company's stock valued at $111,687,000 after acquiring an additional 1,905,664 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company's stock valued at $272,559,000 after acquiring an additional 1,263,604 shares during the period. Senator Investment Group LP purchased a new stake in shares of United Airlines in the first quarter valued at $35,910,000. Finally, Canada Pension Plan Investment Board raised its stake in shares of United Airlines by 452.0% in the first quarter. Canada Pension Plan Investment Board now owns 713,800 shares of the transportation company's stock valued at $34,177,000 after acquiring an additional 584,500 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on UAL shares. Redburn Atlantic raised shares of United Airlines from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a research report on Thursday, June 6th. TD Cowen lifted their price target on shares of United Airlines from $65.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.87.
Read Our Latest Analysis on UAL
United Airlines Stock Down 1.5 %
Shares of UAL stock traded down $0.86 during trading hours on Friday, reaching $57.99. 9,393,383 shares of the stock were exchanged, compared to its average volume of 8,542,422. The business's fifty day moving average is $45.87 and its two-hundred day moving average is $47.97. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. The firm has a market capitalization of $19.07 billion, a P/E ratio of 7.17, a P/E/G ratio of 1.12 and a beta of 1.43. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $60.23.
United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, topping the consensus estimate of $3.97 by $0.17. The business had revenue of $14.99 billion during the quarter, compared to analysts' expectations of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company's quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.03 earnings per share. As a group, research analysts expect that United Airlines Holdings, Inc. will post 9.78 EPS for the current fiscal 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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