Numerai GP LLC Acquires 9,162 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Numerai GP LLC boosted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 53.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,389 shares of the transportation company's stock after buying an additional 9,162 shares during the period. United Airlines comprises 0.7% of Numerai GP LLC's portfolio, making the stock its 23rd largest holding. Numerai GP LLC's holdings in United Airlines were worth $2,562,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UAL. Sanders Capital LLC lifted its holdings in shares of United Airlines by 46.4% during the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after acquiring an additional 4,390,721 shares during the period. Boston Partners bought a new position in shares of United Airlines during the fourth quarter valued at $323,508,000. FMR LLC lifted its holdings in shares of United Airlines by 70.9% during the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after acquiring an additional 3,015,979 shares during the period. Senator Investment Group LP lifted its holdings in shares of United Airlines by 214.8% during the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock valued at $316,648,000 after acquiring an additional 2,225,000 shares during the period. Finally, Capital World Investors lifted its holdings in shares of United Airlines by 22.4% during the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after acquiring an additional 1,791,654 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Trading Up 1.8%

Shares of NASDAQ:UAL traded up $1.39 during mid-day trading on Friday, reaching $77.93. The stock had a trading volume of 6,406,310 shares, compared to its average volume of 7,594,415. The firm has a market cap of $25.45 billion, a PE ratio of 8.26, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. The firm has a 50 day simple moving average of $70.56 and a two-hundred day simple moving average of $88.15. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly 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. The business had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of analyst reports. Barclays cut their price objective on United Airlines from $140.00 to $94.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group cut their price target on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Morgan Stanley upped their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Bank of America reduced their price target on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 3rd. Finally, UBS Group upped their price target on shares of United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $98.31.

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.