WINTON GROUP Ltd lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 166.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 123,451 shares of the transportation company's stock after purchasing an additional 77,061 shares during the quarter. United Airlines comprises about 0.8% of WINTON GROUP Ltd's investment portfolio, making the stock its 23rd largest position. WINTON GROUP Ltd's holdings in United Airlines were worth $11,987,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Boston Partners purchased a new position in shares of United Airlines in the fourth quarter valued at $323,508,000. Castle Hook Partners LP raised its position in United Airlines by 176.1% during the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock worth $242,227,000 after acquiring an additional 2,707,442 shares during the last quarter. Rubric Capital Management LP purchased a new stake in shares of United Airlines in the third quarter valued at about $63,486,000. Prudential Financial Inc. grew its position in shares of United Airlines by 310.2% in the fourth quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company's stock valued at $112,996,000 after purchasing an additional 879,992 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of United Airlines by 1,492.8% during the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company's stock worth $88,557,000 after purchasing an additional 854,759 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on UAL. Barclays set a $140.00 target price on United Airlines and gave the company an "overweight" rating in a report on Wednesday, March 12th. Susquehanna reaffirmed a "hold" rating on shares of United Airlines in a research note on Tuesday, February 25th. Melius Research raised shares of United Airlines to a "strong-buy" rating in a research note on Monday, December 2nd. TD Cowen raised their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Finally, Raymond James reissued an "outperform" rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $112.75.
View Our Latest Stock Report on United Airlines
United Airlines Trading Down 4.5 %
UAL stock traded down $3.30 during trading on Friday, reaching $70.23. 9,317,949 shares of the stock traded hands, compared to its average volume of 7,745,049. The business's 50 day moving average price is $93.52 and its 200-day moving average price is $86.45. The firm has a market capitalization of $22.99 billion, a PE ratio of 7.45, a P/E/G ratio of 0.67 and a beta of 1.41. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) 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 the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company's revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 EPS. As a group, sell-side analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.
United Airlines Profile
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Free Report)
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.
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