Bwcp LP acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 313,390 shares of the transportation company's stock, valued at approximately $30,430,000. United Airlines makes up approximately 6.5% of Bwcp LP's holdings, making the stock its 2nd largest position. Bwcp LP owned about 0.10% of United Airlines as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Sanders Capital LLC increased its holdings in United Airlines by 46.4% during the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after purchasing an additional 4,390,721 shares in the last quarter. Boston Partners acquired a new stake in United Airlines in the 4th quarter valued at approximately $323,508,000. FMR LLC lifted its stake in United Airlines by 70.9% in the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after acquiring an additional 3,015,979 shares in the last quarter. Senator Investment Group LP boosted its position in United Airlines by 214.8% during the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock worth $316,648,000 after acquiring an additional 2,225,000 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after acquiring an additional 1,791,654 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on UAL. Morgan Stanley boosted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. increased their price target on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Barclays cut their price objective on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Susquehanna lowered their price objective on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $96.60.
Check Out Our Latest Research Report on UAL
United Airlines Price Performance
Shares of NASDAQ:UAL traded up $2.41 during midday trading on Wednesday, hitting $75.93. The stock had a trading volume of 3,083,096 shares, compared to its average volume of 7,486,331. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The company has a market capitalization of $24.80 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. The company's 50-day moving average price is $71.74 and its 200-day moving average price is $88.05. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.
United Airlines (NASDAQ:UAL - Get Free Report) last posted 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 company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. As a group, equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.
About United Airlines
(
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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