Meeder Asset Management Inc. Raises Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Meeder Asset Management Inc. raised its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 94.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,800 shares of the transportation company's stock after purchasing an additional 53,361 shares during the period. United Airlines accounts for approximately 0.7% of Meeder Asset Management Inc.'s portfolio, making the stock its 27th largest holding. Meeder Asset Management Inc.'s holdings in United Airlines were worth $10,662,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC purchased a new position in United Airlines in the 4th quarter valued at about $137,000. State Street Corp boosted its position in 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 acquiring an additional 78,470 shares during the last quarter. Longbow Finance SA purchased a new stake in United Airlines in the 4th quarter worth approximately $9,359,000. MidWestOne Financial Group Inc. grew its stake in United Airlines by 28.0% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company's stock worth $3,064,000 after acquiring an additional 11,743 shares during the period. Finally, KBC Group NV purchased a new position in shares of United Airlines during the 4th quarter worth $485,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Up 4.6 %

Shares of UAL traded up $3.17 during midday trading on Wednesday, reaching $71.37. 8,178,285 shares of the company were exchanged, compared to its average volume of 7,758,140. 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 Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a market cap of $23.36 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 0.67 and a beta of 1.41. The stock has a 50-day moving average price of $91.91 and a 200-day moving average price of $86.98.

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United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion during 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 EPS. Research analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UAL. Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. UBS Group cut their price objective on shares of United Airlines from $140.00 to $107.00 and set a "buy" rating on the stock in a report on Thursday, March 20th. Barclays set a $140.00 target price on shares of United Airlines and gave the company an "overweight" rating in a report on Wednesday, March 12th. Finally, Bank of America cut their price target on shares of United Airlines from $125.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $111.75.

About United Airlines

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.