Thrivent Financial for Lutherans Grows Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Thrivent Financial for Lutherans boosted its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 137.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 492,801 shares of the transportation company's stock after buying an additional 285,198 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.15% of United Airlines worth $47,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new stake in shares of United Airlines in the fourth quarter valued at approximately $137,000. State Street Corp raised its holdings in United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company's stock valued at $588,874,000 after acquiring an additional 78,470 shares during the period. Longbow Finance SA purchased a new stake in shares of United Airlines during the fourth quarter worth $9,359,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock worth $177,604,000 after acquiring an additional 908,558 shares during the period. Finally, MidWestOne Financial Group Inc. grew its position in shares of United Airlines by 28.0% in the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company's stock valued at $3,064,000 after purchasing an additional 11,743 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

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United Airlines Price Performance

Shares of United Airlines stock traded up $5.35 during trading on Monday, hitting $80.22. 8,774,522 shares of the stock traded hands, compared to its average volume of 7,682,089. The stock has a market cap of $26.26 billion, a price-to-earnings ratio of 8.51, a PEG ratio of 0.67 and a beta of 1.41. 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 Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The firm's fifty day moving average is $96.52 and its 200-day moving average is $85.70.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the firm posted $2.00 earnings per share. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on UAL. Bank of America cut their target price on United Airlines from $125.00 to $110.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Morgan Stanley raised their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Barclays set a $140.00 price target on shares of United Airlines and gave the company an "overweight" rating in a report on Wednesday, March 12th. Finally, TD Cowen upped their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $112.75.

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.