Lecap Asset Management Ltd. Acquires 3,464 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Lecap Asset Management Ltd. boosted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 87.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,438 shares of the transportation company's stock after purchasing an additional 3,464 shares during the quarter. Lecap Asset Management Ltd.'s holdings in United Airlines were worth $514,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of United Airlines by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock worth $3,548,797,000 after purchasing an additional 369,500 shares during the period. Capital International Investors grew its holdings in United Airlines by 6.3% in the 4th quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock valued at $2,064,825,000 after buying an additional 1,257,443 shares in the last quarter. Sanders Capital LLC increased its position in United Airlines by 46.4% during 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 during the period. Capital World Investors lifted its holdings in shares of United Airlines by 22.4% during the fourth 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position 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 valued at $840,533,000 after acquiring an additional 243,535 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. TD Cowen lifted their price objective on shares of United Airlines from $73.00 to $88.00 and gave the stock a "buy" rating in a research note on Tuesday, April 22nd. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Cantor Fitzgerald set a $88.00 price target on United Airlines in a research note on Tuesday, April 22nd. Raymond James Financial lowered United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Finally, Cowen reissued a "buy" rating on shares of United Airlines in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $104.64.

United Airlines Stock Up 1.1%

UAL stock opened at $77.55 on Friday. The firm has a 50-day moving average price of $75.73 and a 200-day moving average price of $85.44. 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 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $25.33 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 1.23 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, topping analysts' consensus estimates of $0.75 by $0.16. The business had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. As a group, equities research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal 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.

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