Sanders Capital LLC Raises Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Sanders Capital LLC raised its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 46.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,848,308 shares of the transportation company's stock after purchasing an additional 4,390,721 shares during the quarter. United Airlines comprises approximately 2.0% of Sanders Capital LLC's portfolio, making the stock its 15th largest holding. Sanders Capital LLC owned about 4.21% of United Airlines worth $1,344,671,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in United Airlines during the 4th quarter worth $137,000. Longbow Finance SA acquired a new stake in United Airlines in the fourth quarter valued at about $9,359,000. KBC Group NV purchased a new position in shares of United Airlines during the 4th quarter worth approximately $485,000. Bleakley Financial Group LLC lifted its holdings in shares of United Airlines by 293.7% in the 4th quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company's stock valued at $2,278,000 after buying an additional 17,499 shares during the period. Finally, Islay Capital Management LLC purchased a new stake in shares of United Airlines in the fourth quarter valued at approximately $790,000. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Trading Down 1.0 %

NASDAQ UAL traded down $0.69 during mid-day trading on Thursday, reaching $66.30. 11,255,107 shares of the stock were exchanged, compared to its average volume of 8,017,248. The business's fifty day simple moving average is $80.67 and its 200 day simple moving average is $87.19. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market capitalization of $21.70 billion, a PE ratio of 7.03, a PEG ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly 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 firm had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UAL has been the subject of a number of recent analyst reports. Jefferies Financial Group reduced their target price on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Barclays decreased their price objective on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Raymond James cut shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Bank of America decreased their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Finally, Morgan Stanley raised their price objective on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Three 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $101.95.

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.