Los Angeles Capital Management LLC Has $40.47 Million Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

Los Angeles Capital Management LLC increased its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 61.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 586,043 shares of the transportation company's stock after purchasing an additional 223,173 shares during the period. Los Angeles Capital Management LLC owned approximately 0.18% of United Airlines worth $40,466,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Capital A Wealth Management LLC acquired a new position in United Airlines in the fourth quarter valued at approximately $31,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of United Airlines during the fourth quarter worth approximately $36,000. CENTRAL TRUST Co raised its position in shares of United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after purchasing an additional 297 shares during the period. Ameriflex Group Inc. purchased a new stake in United Airlines in the 4th quarter valued at $58,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in United Airlines in the 1st quarter valued at $69,000. Institutional investors own 69.69% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on UAL shares. Bank of America increased their price target on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday. Evercore ISI restated an "outperform" rating and set a $105.00 price target on shares of United Airlines in a research report on Thursday. Cantor Fitzgerald set a $88.00 price target on United Airlines in a research report on Tuesday, April 22nd. Jefferies Financial Group dropped their price target on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, UBS Group boosted their target price on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $108.64.

United Airlines Price Performance

UAL opened at $92.25 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.72. The company has a market capitalization of $30.13 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 1.55 and a beta of 1.42. The firm's fifty day moving average price is $80.11 and its two-hundred day moving average price is $83.93. United Airlines Holdings Inc has a 1 year low of $37.02 and a 1 year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. United Airlines's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.14 earnings per share. As a group, analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

About United Airlines

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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