Beck Bode LLC acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 162,211 shares of the transportation company's stock, valued at approximately $15,751,000. United Airlines comprises about 2.9% of Beck Bode LLC's holdings, making the stock its 14th biggest holding.
Several other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in United Airlines in the 3rd quarter valued at $129,000. Franklin Resources Inc. lifted its position in United Airlines by 214.7% during the 3rd quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company's stock worth $11,558,000 after buying an additional 138,191 shares in the last quarter. Principal Financial Group Inc. grew its holdings in United Airlines by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company's stock worth $21,581,000 after acquiring an additional 11,601 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of United Airlines by 98.4% in the fourth quarter. Versant Capital Management Inc now owns 1,345 shares of the transportation company's stock worth $131,000 after acquiring an additional 667 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of United Airlines by 23.5% during the fourth quarter. GAMMA Investing LLC now owns 4,922 shares of the transportation company's stock worth $478,000 after purchasing an additional 937 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.
Analyst Upgrades and Downgrades
UAL has been the topic of several research reports. Evercore ISI reduced their price objective on United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. Cowen reiterated a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. Barclays reduced their target price on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Finally, Susquehanna cut their price target on 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 investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, United Airlines currently has an average rating of "Buy" and a consensus target price of $96.60.
Get Our Latest Report on UAL
United Airlines Stock Up 7.1 %
UAL stock opened at $74.07 on Friday. The business has a 50-day moving average of $72.56 and a 200-day moving average of $88.04. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The stock has a market capitalization 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 current ratio of 0.81 and a quick ratio of 0.74.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal 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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