Allspring Global Investments Holdings LLC Raises Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Allspring Global Investments Holdings LLC boosted its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 43.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 295,615 shares of the transportation company's stock after purchasing an additional 89,106 shares during the period. Allspring Global Investments Holdings LLC owned about 0.09% of United Airlines worth $12,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors bought a new position in shares of United Airlines in the first quarter worth about $351,299,000. Altimeter Capital Management LP bought a new position in shares of United Airlines in the first quarter worth about $115,175,000. Ensign Peak Advisors Inc raised its stake in shares of United Airlines by 1,248.8% in the first quarter. Ensign Peak Advisors Inc now owns 1,474,058 shares of the transportation company's stock worth $68,337,000 after buying an additional 1,364,768 shares during the period. Man Group plc raised its stake in shares of United Airlines by 347.1% in the fourth quarter. Man Group plc now owns 1,549,450 shares of the transportation company's stock worth $58,414,000 after buying an additional 1,202,905 shares during the period. Finally, U S Global Investors Inc. raised its stake in shares of United Airlines by 31.9% in the fourth quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company's stock worth $171,637,000 after buying an additional 1,005,170 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UAL has been the topic of several recent research reports. TD Cowen raised their price objective on United Airlines from $55.00 to $65.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 24th. Bank of America raised United Airlines from an "underperform" rating to a "buy" rating and lifted their target price for the company from $40.00 to $56.00 in a research note on Tuesday, January 9th. Raymond James decreased their target price on United Airlines from $68.00 to $65.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 20th. Susquehanna decreased their target price on United Airlines from $60.00 to $55.00 and set a "positive" rating on the stock in a research note on Tuesday, April 9th. Finally, Evercore ISI raised United Airlines from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $58.00 to $65.00 in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $64.60.

United Airlines Price Performance

NASDAQ:UAL traded up $0.46 during trading hours on Tuesday, reaching $41.50. The stock had a trading volume of 18,376,364 shares, compared to its average volume of 9,128,861. The stock has a market capitalization of $13.61 billion, a PE ratio of 5.22, a PEG ratio of 0.58 and a beta of 1.55. 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 company has a 50 day moving average price of $43.94 and a two-hundred day moving average price of $41.31. United Airlines Holdings, Inc. has a 52 week low of $33.68 and a 52 week high of $58.23.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.39. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 EPS. As a group, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 9.55 earnings per share for the current fiscal year.

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.