First Citizens Bank & Trust Co. bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 70,546 shares of the transportation company's stock, valued at approximately $4,871,000.
A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of United Airlines by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock worth $3,548,797,000 after acquiring an additional 369,500 shares in the last quarter. Capital International Investors raised its stake in United Airlines by 6.3% during the fourth quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock valued at $2,064,825,000 after purchasing an additional 1,257,443 shares in the last quarter. Sanders Capital LLC grew its stake in shares of United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after buying an additional 4,390,721 shares in the last quarter. Capital World Investors increased its holdings in shares of United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after buying an additional 1,791,654 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of United Airlines by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock valued at $840,533,000 after buying an additional 243,535 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
United Airlines Trading Up 4.8%
NASDAQ UAL opened at $84.23 on Monday. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a fifty day simple moving average of $72.02 and a two-hundred day simple moving average of $87.24. 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 cap of $27.51 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.67 and a beta of 1.45.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. On average, analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Wall Street Zen cut United Airlines from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Cantor Fitzgerald set a $88.00 price target on United Airlines in a report on Tuesday, April 22nd. Evercore ISI dropped their price target on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Bank of America cut their target price on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Finally, Susquehanna dropped their price objective on United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, United Airlines currently has an average rating of "Buy" and a consensus target price of $104.64.
Get Our Latest Research Report on UAL
United Airlines Profile
(
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.
Further Reading
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