Anomaly Capital Management LP Has $60.70 Million Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Anomaly Capital Management LP grew its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 63.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 625,116 shares of the transportation company's stock after buying an additional 243,046 shares during the period. United Airlines makes up 1.8% of Anomaly Capital Management LP's portfolio, making the stock its 22nd biggest position. Anomaly Capital Management LP owned approximately 0.19% of United Airlines worth $60,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Moody National Bank Trust Division raised its position in shares of United Airlines by 2.1% during the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock worth $470,000 after purchasing an additional 98 shares during the period. Diversify Advisory Services LLC raised its holdings in United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock worth $508,000 after buying an additional 101 shares during the period. Metis Global Partners LLC lifted its stake in United Airlines by 2.0% in the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company's stock valued at $631,000 after buying an additional 129 shares in the last quarter. Hemington Wealth Management boosted its holdings in shares of United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock valued at $30,000 after buying an additional 131 shares during the period. Finally, Bell Investment Advisors Inc increased its position in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after acquiring an additional 135 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on UAL. Susquehanna reduced their target price on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. upped their price objective on United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research report on Thursday, January 9th. TD Cowen lifted their target price on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Morgan Stanley upped their price target on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Finally, Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, United Airlines has an average rating of "Buy" and an average target price of $96.60.

United Airlines Stock Performance

UAL traded down $0.85 during trading hours on Friday, reaching $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 52 week low of $37.02 and a 52 week high of $116.00. The firm has a market cap 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 company's 50-day moving average is $75.55 and its 200-day moving average is $88.04. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion during the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current 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.