Mackenzie Financial Corp Has $20.25 Million Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Mackenzie Financial Corp lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 47.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 490,836 shares of the transportation company's stock after purchasing an additional 158,563 shares during the period. Mackenzie Financial Corp owned approximately 0.15% of United Airlines worth $20,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in United Airlines during the third quarter valued at $25,000. Loomis Sayles & Co. L P raised its position in United Airlines by 707.8% during the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company's stock valued at $26,000 after buying an additional 545 shares during the period. Clear Street Markets LLC raised its position in United Airlines by 101.8% during the first quarter. Clear Street Markets LLC now owns 642 shares of the transportation company's stock valued at $28,000 after buying an additional 36,811 shares during the period. Venturi Wealth Management LLC raised its position in United Airlines by 72.1% during the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company's stock valued at $27,000 after buying an additional 274 shares during the period. Finally, Cullen Frost Bankers Inc. grew its stake in United Airlines by 1,000.0% in the third quarter. Cullen Frost Bankers Inc. now owns 1,100 shares of the transportation company's stock valued at $47,000 after purchasing an additional 1,000 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Performance

United Airlines stock traded down $0.04 during trading hours on Friday, hitting $51.38. The stock had a trading volume of 16,994,369 shares, compared to its average volume of 10,403,970. The company has a 50-day moving average of $44.29 and a two-hundred day moving average of $41.42. The company has a quick ratio of 0.76, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The company has a market cap of $16.89 billion, a PE ratio of 6.35, a price-to-earnings-growth ratio of 0.70 and a beta of 1.55. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week 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. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm had revenue of $13.63 billion during the quarter, compared to analysts' expectations of $13.55 billion. During the same quarter in the prior year, the firm posted $2.46 EPS. The company's revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities research analysts anticipate that United Airlines Holdings, Inc. will post 9.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group assumed coverage on United Airlines in a research note on Wednesday, March 20th. They issued a "neutral" rating and a $47.00 target price on the stock. Bank of America upped their price target on United Airlines from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday. Redburn Atlantic downgraded United Airlines from a "buy" rating to a "neutral" rating and set a $50.00 price target for the company. in a research note on Tuesday, February 13th. Raymond James boosted their price objective on United Airlines from $66.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, StockNews.com raised United Airlines from a "sell" rating to a "hold" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $66.53.

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.