United Airlines Holdings Inc (NASDAQ:UAL) Holdings Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 32.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,410 shares of the transportation company's stock after buying an additional 19,798 shares during the quarter. QRG Capital Management Inc.'s holdings in United Airlines were worth $5,552,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UAL. Vanguard Group Inc. boosted its position in shares of United Airlines by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock valued at $3,548,797,000 after purchasing an additional 369,500 shares during the period. Capital International Investors boosted its position in shares of United Airlines by 6.3% in the 4th quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock valued at $2,064,825,000 after purchasing an additional 1,257,443 shares during the period. Sanders Capital LLC boosted its position in shares of United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after purchasing an additional 4,390,721 shares during the period. Capital World Investors boosted its position in shares of United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after purchasing an additional 1,791,654 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of United Airlines by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock valued at $840,533,000 after purchasing an additional 243,535 shares during the period. Institutional investors own 69.69% of the company's stock.

United Airlines Stock Down 6.2%

UAL opened at $73.67 on Wednesday. United Airlines Holdings Inc has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The business has a 50-day moving average of $74.37 and a 200-day moving average of $86.44. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.72. The company has a market capitalization of $24.06 billion, a PE ratio of 6.72, a price-to-earnings-growth ratio of 1.26 and a beta of 1.45.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. The company had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. Equities research analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on UAL shares. TD Cowen increased their price target on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. UBS Group upgraded United Airlines from a "neutral" rating to a "buy" rating and increased their price target for the company from $67.00 to $105.00 in a research report on Monday, May 19th. Wall Street Zen lowered United Airlines from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 7th. Cantor Fitzgerald set a $88.00 price target on United Airlines in a research report on Tuesday, April 22nd. Finally, Raymond James Financial downgraded United Airlines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, April 2nd. One 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. According to data from MarketBeat, United Airlines presently has an average rating of "Buy" and an average target price of $104.64.

United Airlines Profile

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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