QRG Capital Management Inc. reduced its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 32.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The company owned 76,227 shares of the transportation company’s stock after selling 37,126 shares during the quarter. QRG Capital Management Inc.’s holdings in United Airlines were worth $3,709,000, according to the company’s most recent SEC filing.
Other institutional investors and hedge funds have also recently changed their hold on the company. Capital International Investors increased its holdings in United Airlines by 2.4% in the 1st quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock worth $885,912,000 after buying an additional 429,501 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of United Airlines by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock worth $170,974,000 after buying an additional 812,257 shares during the same period. Par Capital Management Inc. increased its holdings in shares of United Airlines by 7.2% in the fourth quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock valued at $91,737,000 after acquiring an additional 150,000 shares during the same period. Interval Partners LP acquired a new position in United Airlines during the 1st quarter valued at $103,354,000. Finally, Charles Schwab Investment Management Inc. increased its position in United Airlines by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,725,062 shares of the transportation company’s stock valued at $71,176,000 after acquiring an additional 26,488 shares during the same period. 69.69% of the shares are currently owned by institutional investors.
United Airlines records an increase of 0.7%
NASDAQ UAL opened at $41.46 on Friday. The company’s 50-day moving average is $47.48 and its 200-day moving average is $47.03. 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 stock has a market cap of $13.63 billion, a price-to-earnings ratio of 5.12, a PEG ratio of 0.63 and a beta of 1.44. United Airlines Holdings, Inc. has a one year low of $33.68 and a one year high of $56.17.
United Airlines (NASDAQ:UAL – Get Free Report) last released its quarterly earnings results on Wednesday, July 17. The transportation company reported earnings per share (EPS) of $4.14 for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. The company had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company’s quarterly revenue grew 5.7% compared to the year-ago quarter. In the year-ago quarter, the company posted earnings per share of $5.03. Equities analysts forecast that United Airlines Holdings, Inc. will post earnings per share of $9.62 for the current year.
Wall Street analysts predict growth
Several research analysts have commented on the stock. TD Cowen raised their price target on shares of United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Friday, May 17. Morgan Stanley raised their price target on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 18. HSBC began coverage on United Airlines in a research note on Monday, May 13. They issued a “buy” rating and a $69.20 price target for the company. Finally, Bank of America raised their price target on United Airlines from $60.00 to $70.00 and gave the company 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.68.
Check out our latest analysis on UAL
United Airlines company profile
(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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