Tower Research Capital LLC TRC increased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 219.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,335 shares of the transportation company's stock after purchasing an additional 16,714 shares during the period. Tower Research Capital LLC TRC's holdings in United Airlines were worth $2,363,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. MML Investors Services LLC grew its position in United Airlines by 70.9% in the 4th quarter. MML Investors Services LLC now owns 18,042 shares of the transportation company's stock worth $1,752,000 after purchasing an additional 7,484 shares during the last quarter. MetLife Investment Management LLC grew its holdings in United Airlines by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 87,017 shares of the transportation company's stock worth $8,449,000 after buying an additional 1,542 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in United Airlines in the 4th quarter valued at approximately $2,291,000. Capital World Investors raised its stake in United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after acquiring an additional 1,791,654 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in United Airlines by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,885,009 shares of the transportation company's stock worth $571,490,000 after acquiring an additional 392,610 shares during the period. 69.69% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently commented on UAL. Bank of America lowered their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, April 3rd. UBS Group upped their price target on shares of United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Jefferies Financial Group cut their target price on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Finally, TD Cowen lifted their price target on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $97.14.
View Our Latest Stock Analysis on UAL
United Airlines Stock Up 2.6 %
Shares of NASDAQ:UAL opened at $66.97 on Wednesday. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. 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 company has a market cap of $21.95 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The firm has a 50 day simple moving average of $77.68 and a 200 day simple moving average of $87.66.
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 for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. The business had revenue of $13.21 billion for the quarter, compared to the consensus estimate 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 expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.
United Airlines Company 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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