Principal Financial Group Inc. Raises Stock Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

Principal Financial Group Inc. increased its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,925 shares of the transportation company's stock after buying an additional 11,628 shares during the quarter. Principal Financial Group Inc. owned 0.12% of United Airlines worth $26,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new position in United Airlines during the 4th quarter valued at about $31,000. Murphy & Mullick Capital Management Corp purchased a new stake in United Airlines during the 4th quarter valued at about $36,000. CENTRAL TRUST Co grew its stake in United Airlines by 57.2% during the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock valued at $56,000 after purchasing an additional 297 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in United Airlines during the 4th quarter valued at about $58,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in United Airlines during the 1st quarter valued at about $69,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on UAL shares. Bank of America dropped their price target on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 3rd. Barclays dropped their price target on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI dropped their price target on United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Raymond James Financial downgraded United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. Finally, Cowen restated a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. One investment 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 stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $104.50.

United Airlines Stock Performance

Shares of UAL traded up $10.14 during mid-day trading on Thursday, reaching $90.32. The company had a trading volume of 7,755,850 shares, compared to its average volume of 7,679,009. United Airlines Holdings Inc has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.93. The stock has a market capitalization of $29.50 billion, a P/E ratio of 8.24, a PEG ratio of 1.37 and a beta of 1.42. The stock has a 50 day moving average of $78.06 and a two-hundred day moving average of $84.51.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. On average, 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.