Senator Investment Group LP Has $316.65 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Senator Investment Group LP raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 214.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,261,051 shares of the transportation company's stock after buying an additional 2,225,000 shares during the period. United Airlines comprises about 9.3% of Senator Investment Group LP's portfolio, making the stock its 2nd biggest position. Senator Investment Group LP owned 0.99% of United Airlines worth $316,648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in UAL. Moody National Bank Trust Division grew its holdings in United Airlines by 2.1% during the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock worth $470,000 after acquiring an additional 98 shares during the period. Diversify Advisory Services LLC grew its stake in United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock worth $508,000 after purchasing an additional 101 shares during the period. Metis Global Partners LLC increased its holdings in United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock worth $631,000 after purchasing an additional 129 shares in the last quarter. Hemington Wealth Management lifted its stake in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after buying an additional 131 shares during the period. Finally, Bell Investment Advisors Inc boosted its holdings in shares of United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Stock Performance

Shares of UAL stock traded up $1.02 during trading on Thursday, hitting $69.05. The company's stock had a trading volume of 7,006,337 shares, compared to its average volume of 7,553,600. The business has a fifty day moving average of $76.95 and a 200-day moving average of $87.53. The company has a market cap of $22.63 billion, a PE ratio of 7.32, a P/E/G 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 released its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on UAL. Morgan Stanley increased their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. raised their target price on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Susquehanna dropped their price target on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Finally, Barclays cut their target price on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.