AQR Capital Management LLC Purchases 79,690 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

AQR Capital Management LLC boosted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 23.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,650 shares of the transportation company's stock after acquiring an additional 79,690 shares during the quarter. AQR Capital Management LLC owned 0.13% of United Airlines worth $40,068,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Bank of Jackson Hole Trust purchased a new stake in United Airlines during the 4th quarter valued at $25,000. Hemington Wealth Management increased its position in United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. Roxbury Financial LLC bought a new position in United Airlines in the fourth quarter valued at about $32,000. Whipplewood Advisors LLC purchased a new position in United Airlines in the fourth quarter worth about $32,000. Finally, Bell Investment Advisors Inc grew its stake in shares of United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after purchasing an additional 135 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a report on Tuesday, April 22nd. Evercore ISI cut their price objective on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Susquehanna decreased their target price on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Bank of America cut their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Finally, Morgan Stanley lifted their price objective on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $96.60.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $74.07 on Friday. The firm's fifty day moving average is $72.56 and its two-hundred day moving average is $87.93. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a market cap of $24.19 billion, a P/E ratio of 7.85, a P/E/G ratio of 0.67 and a beta of 1.19. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping 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, analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

United Airlines 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.

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