GAMMA Investing LLC Has $24.90 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

GAMMA Investing LLC boosted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 7,225.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 360,579 shares of the transportation company's stock after purchasing an additional 355,657 shares during the quarter. GAMMA Investing LLC owned about 0.11% of United Airlines worth $24,898,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in shares of United Airlines by 1.0% in the fourth 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 increased its holdings in shares of United Airlines by 6.3% in the fourth quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock worth $2,064,825,000 after acquiring an additional 1,257,443 shares in the last quarter. Sanders Capital LLC increased its holdings in shares of 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 acquiring 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 fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after acquiring an additional 1,791,654 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of United Airlines by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock worth $840,533,000 after acquiring an additional 243,535 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UAL. Cantor Fitzgerald set a $88.00 price target on United Airlines in a report on Tuesday, April 22nd. Cowen reiterated a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. Bank of America decreased their price objective on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group decreased their price objective on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $102.33.

United Airlines Stock Down 1.6%

NASDAQ UAL traded down $1.27 during trading hours on Thursday, hitting $80.35. 6,012,107 shares of the company traded hands, compared to its average volume of 7,592,951. The business's 50-day moving average is $71.47 and its 200-day moving average is $87.48. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a market capitalization of $26.24 billion, a price-to-earnings ratio of 8.52, a P/E/G ratio of 0.67 and a beta of 1.45.

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, beating analysts' consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current 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.