United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by SRS Investment Management LLC

SRS Investment Management LLC lifted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 55.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,901,113 shares of the transportation company's stock after purchasing an additional 1,034,600 shares during the period. United Airlines makes up 4.0% of SRS Investment Management LLC's holdings, making the stock its 9th biggest holding. SRS Investment Management LLC owned approximately 0.88% of United Airlines worth $281,698,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in UAL. Proficio Capital Partners LLC acquired a new position in shares of United Airlines during the fourth quarter worth about $137,000. Longbow Finance SA acquired a new stake in shares of United Airlines in the 4th quarter valued at $9,359,000. KBC Group NV purchased a new stake in shares of United Airlines during the 4th quarter worth $485,000. Bleakley Financial Group LLC grew its stake in shares of United Airlines by 293.7% during the fourth quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company's stock worth $2,278,000 after purchasing an additional 17,499 shares in the last quarter. Finally, Islay Capital Management LLC purchased a new position in United Airlines in the fourth quarter valued at $790,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Performance

UAL traded up $1.02 on Thursday, hitting $69.05. 7,006,337 shares of the company traded hands, compared to its average volume of 7,553,603. The company has a 50 day moving average of $76.25 and a 200-day moving average of $87.60. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The stock has a market capitalization of $22.63 billion, a PE ratio of 7.32, a PEG ratio of 0.67 and a beta of 1.19. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The firm had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Ratings Changes

UAL has been the subject of several analyst reports. UBS Group upped their price objective on United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Morgan Stanley upped their price target on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Jefferies Financial Group cut their price objective 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. JPMorgan Chase & Co. upped their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. Finally, Evercore ISI cut their price target on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, United Airlines presently has a consensus rating of "Moderate Buy" and a consensus 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.