United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Holdings Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 1,008.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 271,824 shares of the transportation company's stock after purchasing an additional 247,312 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.08% of United Airlines worth $11,215,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in UAL. Capital International Investors purchased a new stake in United Airlines in the 1st quarter valued at $351,299,000. Altimeter Capital Management LP purchased a new stake in United Airlines in the 1st quarter valued at $115,175,000. Ensign Peak Advisors Inc grew its holdings in United Airlines by 1,248.8% in the 1st quarter. Ensign Peak Advisors Inc now owns 1,474,058 shares of the transportation company's stock valued at $68,337,000 after buying an additional 1,364,768 shares in the last quarter. Man Group plc grew its holdings in United Airlines by 347.1% in the 4th quarter. Man Group plc now owns 1,549,450 shares of the transportation company's stock valued at $58,414,000 after buying an additional 1,202,905 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in United Airlines by 403.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,240,877 shares of the transportation company's stock valued at $57,527,000 after buying an additional 994,335 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Performance

United Airlines stock traded up $0.64 during mid-day trading on Friday, reaching $47.88. 7,587,826 shares of the company were exchanged, compared to its average volume of 7,856,367. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The firm's 50-day simple moving average is $43.24 and its two-hundred day simple moving average is $41.40. The firm has a market cap of $15.71 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 0.65 and a beta of 1.54. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.61 by $0.39. The business had revenue of $13.63 billion during the quarter, compared to analysts' expectations of $13.55 billion. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. The company's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $2.46 EPS. Equities analysts predict that United Airlines Holdings, Inc. will post 9.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UAL shares. Evercore ISI raised United Airlines from an "in-line" rating to an "outperform" rating and upped their price target for the company from $58.00 to $65.00 in a research note on Friday, February 9th. Redburn Atlantic lowered United Airlines from a "buy" rating to a "neutral" rating and set a $50.00 target price on the stock. in a research note on Tuesday, February 13th. UBS Group started coverage on United Airlines in a report on Wednesday, March 20th. They set a "neutral" rating and a $47.00 price target on the stock. Bank of America upgraded United Airlines from an "underperform" rating to a "buy" rating and upped their price target for the stock from $40.00 to $56.00 in a report on Tuesday, January 9th. Finally, StockNews.com downgraded United Airlines from a "hold" rating to a "sell" rating in a report on Saturday, March 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $64.93.

United Airlines Company 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.