Mirae Asset Global Investments Co. Ltd. Purchases 6,621 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 23.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,053 shares of the transportation company's stock after purchasing an additional 6,621 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in United Airlines were worth $2,462,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital A Wealth Management LLC bought a new stake in United Airlines in the 4th quarter valued at approximately $31,000. Bell Investment Advisors Inc grew its holdings in United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after buying an additional 135 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in United Airlines in the 4th quarter worth about $36,000. Ameriflex Group Inc. bought a new position in United Airlines during the 4th quarter worth $58,000. Finally, CENTRAL TRUST Co raised its stake in United Airlines by 57.2% in the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock valued at $56,000 after purchasing an additional 297 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UAL has been the subject of several research analyst reports. Raymond James Financial downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Susquehanna lowered their price objective on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. TD Cowen boosted their price objective on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. Evercore ISI decreased their price objective on United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Finally, Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, United Airlines presently has a consensus rating of "Buy" and a consensus target price of $104.64.

United Airlines Trading Up 1.2%

Shares of NASDAQ UAL opened at $81.01 on Thursday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.72 and a current ratio of 0.78. The company has a market cap of $26.46 billion, a price-to-earnings ratio of 7.38, a PEG ratio of 1.29 and a beta of 1.42. The business's 50 day moving average price is $76.80 and its 200-day moving average price is $84.98. United Airlines Holdings Inc has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. The firm had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. On average, sell-side analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current 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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