Mather Group LLC. increased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 26.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,174 shares of the transportation company’s stock after purchasing an additional 247 shares during the quarter. Mather Group LLC.’s holdings in United Airlines were worth $56,000, according to the company’s most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their stock positions. Wahed Invest LLC increased its holdings in shares of United Airlines by 13.7% in the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 192 shares in the last quarter. Smith Anglin Financial LLC increased its holdings in shares of United Airlines by 3.1% in the 1st quarter. Smith Anglin Financial LLC now owns 7,043 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 215 shares during the period. Czech National Bank increased its holdings in shares of United Airlines by 0.5% in the 1st quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock valued at $2,763,000 after acquiring an additional 271 shares in the last quarter. XML Financial LLC increased its stake in United Airlines by 2.3% in the 1st quarter. XML Financial LLC now owns 11,970 shares of the transportation company’s stock valued at $573,000 after purchasing an additional 272 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in United Airlines by 1.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock valued at $930,000 after purchasing an additional 287 shares during the same period. Institutional investors own 69.69% of the company’s stock.
Analysts set new price targets
Several research analysts have recently commented on UAL shares. Jefferies Financial Group upgraded shares of United Airlines from a “hold” to a “buy” in a report on Wednesday, May 29th and raised their price target on the stock from $54.00 to $65.00. Raymond James raised their price target on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Redburn Atlantic upgraded shares of United Airlines from a “neutral” to a “buy” in a research report on Thursday, June 6th and set a $70.00 price target for the company. HSBC initiated coverage on shares of United Airlines in a research report on Monday, May 13th. They set a “buy” rating and a $69.20 price target for the company. Finally, Bank of America raised their price target on shares of United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, April 18. Two analysts have rated the stock with a “hold” rating and thirteen have given a “buy” rating. The company has an average rating of “Moderate Buy” and an average price target of $71.68, according to data from MarketBeat.com.
Get our latest analysis on United Airlines
Price development of United Airlines shares
NASDAQ:UAL rose $0.28 during trading hours on Friday, reaching $41.46. The company had a trading volume of 5,716,887 shares, compared to its average volume of 8,932,395. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71. The company’s 50-day moving average price is $47.48 and its 200-day moving average price is $46.98. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $56.17. The company has a market capitalization of $13.63 billion, a P/E ratio of 5.12, a price-to-earnings-growth ratio of 0.63 and a beta of 1.44.
United Airlines (NASDAQ:UAL – Get Free Report) last released its quarterly earnings results on Wednesday, July 17. The transportation company reported earnings per share of $4.14 for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company posted revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter last year, the company posted earnings per share of $5.03. The company’s revenue for the quarter increased 5.7% year-over-year. Research analysts forecast that United Airlines Holdings, Inc. will report earnings per share of $9.62 for the current year.
Profile of United Airlines
(Free report)
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 passengers and cargo with its mainline and regional fleets. It also provides catering, ground handling, flight academy and maintenance services to third parties.
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