Electron Capital Partners LLC Makes New $53.90 Million Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Electron Capital Partners LLC bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 555,075 shares of the transportation company's stock, valued at approximately $53,898,000. United Airlines makes up approximately 2.8% of Electron Capital Partners LLC's investment portfolio, making the stock its 15th largest holding. Electron Capital Partners LLC owned about 0.17% of United Airlines as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sanders Capital LLC boosted its position in United Airlines by 46.4% in the fourth 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 during the last quarter. Boston Partners purchased a new position in shares of United Airlines in the fourth quarter worth approximately $323,508,000. FMR LLC increased its holdings in United Airlines by 70.9% during the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after buying an additional 3,015,979 shares during the last quarter. Senator Investment Group LP raised its position in United Airlines by 214.8% in the fourth 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 period. Finally, Capital World Investors grew its position 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 valued at $950,461,000 after acquiring an additional 1,791,654 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Trading Up 7.1 %

Shares of NASDAQ:UAL traded up $4.91 during trading on Friday, reaching $74.07. The company's stock had a trading volume of 8,650,018 shares, compared to its average volume of 7,513,951. The stock has a market capitalization of $24.19 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm's 50 day simple moving average is $72.56 and its two-hundred day simple moving average is $88.04.

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 the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. On average, research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UAL shares. Raymond James cut United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Barclays lowered their price target on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group decreased their price objective on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Cowen reaffirmed a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. Finally, Cantor Fitzgerald set a $88.00 price target on United Airlines in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, United Airlines has a consensus rating of "Buy" and an average target price of $96.60.

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.