Tang Capital Management LLC Has $1.20 Million Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Tang Capital Management LLC raised its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 220.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,392 shares of the transportation company's stock after acquiring an additional 8,520 shares during the period. Tang Capital Management LLC's holdings in United Airlines were worth $1,203,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings 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 acquiring an additional 369,500 shares during the period. Capital International Investors grew its position in shares of United Airlines by 6.3% during the 4th quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock worth $2,064,825,000 after purchasing an additional 1,257,443 shares in the last quarter. Sanders Capital LLC grew its position in shares of 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 purchasing an additional 4,390,721 shares in the last quarter. Capital World Investors grew its position in shares of United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after purchasing an additional 1,791,654 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of United Airlines by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock worth $840,533,000 after purchasing an additional 243,535 shares in the last quarter. Institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

United Airlines stock traded down $2.29 during mid-day trading on Tuesday, reaching $76.33. The company had a trading volume of 8,115,371 shares, compared to its average volume of 7,601,110. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The company has a market cap of $24.93 billion, a P/E ratio of 8.09, a P/E/G ratio of 0.67 and a beta of 1.39. The business has a fifty day simple moving average of $70.81 and a 200 day simple moving average of $88.18.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. On average, equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays decreased their target price on shares of United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group decreased their target price on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. UBS Group upgraded shares of United Airlines from a "neutral" rating to a "buy" rating and increased their target price for the stock from $67.00 to $105.00 in a research report on Monday. Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a research report 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Airlines has a consensus rating of "Buy" and an average price target of $102.33.

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.