Quantessence Capital LLC Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Quantessence Capital LLC bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 5,908 shares of the transportation company's stock, valued at approximately $574,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sanders Capital LLC grew its holdings in United Airlines by 46.4% during the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after buying an additional 4,390,721 shares in the last quarter. Boston Partners purchased a new position in United Airlines during the fourth quarter valued at $323,508,000. FMR LLC increased its holdings in United Airlines by 70.9% in the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after acquiring an additional 3,015,979 shares during the last quarter. Senator Investment Group LP lifted its stake 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 in the last quarter. Finally, Capital World Investors boosted 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 purchasing an additional 1,791,654 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

Shares of UAL stock opened at $66.97 on Wednesday. The company's 50 day moving average is $77.68 and its 200 day moving average is $87.66. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The firm has a market cap of $21.95 billion, a price-to-earnings ratio of 7.10, a PEG ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. On average, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of research analyst reports. Barclays decreased their target price on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley increased their target price on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. Evercore ISI lowered their price objective on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group reduced their target price 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. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, United Airlines currently has a consensus rating of "Moderate Buy" and an average price target of $97.14.

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.

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