Russell Investments Group Ltd. Buys 160,005 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Russell Investments Group Ltd. increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 767,466 shares of the transportation company's stock after acquiring an additional 160,005 shares during the period. Russell Investments Group Ltd. owned about 0.23% of United Airlines worth $74,522,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of United Airlines by 16.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 233,464 shares of the transportation company's stock valued at $13,321,000 after purchasing an additional 32,725 shares during the period. Captrust Financial Advisors raised its position in United Airlines by 10.3% during the third quarter. Captrust Financial Advisors now owns 16,104 shares of the transportation company's stock valued at $919,000 after purchasing an additional 1,499 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of United Airlines by 187.1% during the 3rd quarter. Quantinno Capital Management LP now owns 103,049 shares of the transportation company's stock worth $5,880,000 after buying an additional 67,150 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of United Airlines by 0.5% during the 3rd quarter. Stifel Financial Corp now owns 107,510 shares of the transportation company's stock valued at $6,135,000 after purchasing an additional 509 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company's stock worth $588,874,000 after buying an additional 78,470 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research analysts have issued reports on UAL shares. Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Jefferies Financial Group cut their target price on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Morgan Stanley raised their target price on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Barclays cut their price target on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Bank of America lowered their price objective on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 3rd. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $102.01.

United Airlines Stock Performance

UAL stock traded up $0.69 during trading on Friday, reaching $63.44. The stock had a trading volume of 3,905,099 shares, compared to its average volume of 7,962,571. The stock's 50 day moving average is $84.06 and its two-hundred day moving average is $87.14. The firm has a market cap of $20.77 billion, a PE ratio of 6.70, 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. 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 announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts' consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analysts' expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $2.00 EPS. As a group, equities analysts anticipate 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.