Principal Financial Group Inc. increased its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 3.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 385,925 shares of the transportation company's stock after purchasing an additional 11,628 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of United Airlines worth $26,648,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in UAL. Proficio Capital Partners LLC acquired a new position in United Airlines during the fourth quarter worth approximately $137,000. Steward Partners Investment Advisory LLC grew its stake in shares of United Airlines by 122.3% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,588 shares of the transportation company's stock valued at $737,000 after purchasing an additional 4,174 shares during the last quarter. Atria Investments Inc raised its stake in shares of United Airlines by 175.2% during the fourth quarter. Atria Investments Inc now owns 11,304 shares of the transportation company's stock worth $1,098,000 after purchasing an additional 7,196 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of United Airlines during the fourth quarter worth $34,225,000. Finally, PNC Financial Services Group Inc. grew its position in United Airlines by 4.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 40,487 shares of the transportation company's stock valued at $3,931,000 after buying an additional 1,805 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on UAL shares. Raymond James Financial downgraded United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Wall Street Zen downgraded United Airlines from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. Cantor Fitzgerald set a $88.00 price target on United Airlines in a research note on Tuesday, April 22nd. Cowen restated a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. One equities 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $104.50.
Read Our Latest Research Report on UAL
United Airlines Stock Down 1.3%
Shares of United Airlines stock traded down $1.03 during midday trading on Wednesday, hitting $80.18. The company's stock had a trading volume of 5,678,561 shares, compared to its average volume of 7,664,933. The firm has a market capitalization of $26.19 billion, a P/E ratio of 7.31, a PEG ratio of 1.39 and a beta of 1.42. The stock has a 50-day simple moving average of $77.83 and a 200-day simple moving average of $84.54. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.93. 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 announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. As a group, sell-side analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.
United Airlines Company Profile
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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.
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