SRS Investment Management LLC Acquires 1,034,600 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

SRS Investment Management LLC raised its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 55.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,901,113 shares of the transportation company's stock after buying an additional 1,034,600 shares during the quarter. United Airlines accounts for 4.0% of SRS Investment Management LLC's portfolio, making the stock its 9th largest position. SRS Investment Management LLC owned about 0.88% of United Airlines worth $281,698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of UAL. Bank of Jackson Hole Trust acquired a new position in shares of United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management increased its holdings in shares of United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after purchasing an additional 131 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of United Airlines in the 4th quarter valued at about $32,000. Roxbury Financial LLC acquired a new position in shares of United Airlines in the 4th quarter valued at about $32,000. Finally, Bell Investment Advisors Inc increased its holdings in shares of United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after purchasing an additional 135 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their target price on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Evercore ISI dropped their target price on United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. UBS Group increased their price objective on United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. increased their price objective on United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a report on Thursday, January 9th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $96.60.

United Airlines Stock Performance

Shares of UAL traded down $0.85 during mid-day trading on Friday, hitting $68.20. The company's stock had a trading volume of 5,613,237 shares, compared to its average volume of 7,543,078. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The firm has a market capitalization of $22.27 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The stock's 50-day moving average is $75.55 and its two-hundred day moving average is $88.04.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. As a group, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.