Assenagon Asset Management S.A. Increases Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Assenagon Asset Management S.A. increased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 1,264.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,604,783 shares of the transportation company's stock after acquiring an additional 1,487,167 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.49% of United Airlines worth $110,810,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Wahed Invest LLC raised its position in shares of United Airlines by 5.4% during the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock worth $204,000 after purchasing an additional 108 shares during the last quarter. Metis Global Partners LLC raised its stake in United Airlines by 2.0% in the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock valued at $631,000 after purchasing an additional 129 shares during the last quarter. Hemington Wealth Management boosted its stake in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Bell Investment Advisors Inc grew its holdings in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after buying an additional 135 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of United Airlines by 3.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,702 shares of the transportation company's stock valued at $359,000 after buying an additional 135 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Down 3.3%

NASDAQ:UAL traded down $2.60 during trading hours on Thursday, hitting $76.03. The company's stock had a trading volume of 4,004,591 shares, compared to its average volume of 7,597,452. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week 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 stock has a market capitalization of $24.83 billion, a P/E ratio of 8.06, a price-to-earnings-growth ratio of 0.67 and a beta of 1.45. The stock has a fifty day moving average of $73.14 and a 200-day moving average of $87.08.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping 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 firm had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

UAL has been the subject of a number of recent research reports. Cowen reiterated a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. Barclays dropped their target price on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. UBS Group upgraded shares of United Airlines from a "neutral" rating to a "buy" rating and raised their price target for the stock from $67.00 to $105.00 in a report on Monday, May 19th. Finally, Bank of America cut their price objective on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. One equities research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, United Airlines presently has an average rating of "Buy" and an average target price of $104.64.

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.