Electron Capital Partners LLC Takes $53.90 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Electron Capital Partners LLC purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 555,075 shares of the transportation company’s stock, valued at approximately $53,898,000. United Airlines accounts for approximately 2.8% of Electron Capital Partners LLC’s portfolio, making the stock its 15th biggest holding. Electron Capital Partners LLC owned approximately 0.17% of United Airlines as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UAL. Lido Advisors LLC raised its stake in shares of United Airlines by 2.1% during the 4th quarter. Lido Advisors LLC now owns 17,018 shares of the transportation company’s stock worth $1,652,000 after purchasing an additional 358 shares during the period. Northern Trust Corp raised its position in United Airlines by 6.2% in the fourth quarter. Northern Trust Corp now owns 2,513,606 shares of the transportation company’s stock worth $244,071,000 after acquiring an additional 146,783 shares during the period. Optiver Holding B.V. boosted its stake in United Airlines by 72.0% in the fourth quarter. Optiver Holding B.V. now owns 1,209 shares of the transportation company’s stock valued at $117,000 after acquiring an additional 506 shares during the last quarter. Bellwether Advisors LLC purchased a new stake in shares of United Airlines during the 4th quarter worth approximately $249,000. Finally, Beacon Pointe Advisors LLC bought a new stake in shares of United Airlines in the 4th quarter worth approximately $2,724,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of UAL opened at $68.84 on Tuesday. The company has a 50-day simple moving average of $74.79 and a two-hundred day simple moving average of $88.09. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The firm has a market capitalization of $22.48 billion, a PE ratio of 7.30, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $13.47 billion. On average, analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on UAL shares. Cowen restated a “buy” rating on shares of United Airlines in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. upped their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a research note on Tuesday, April 22nd. TD Cowen upped their price target on shares of United Airlines from $73.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, April 22nd. Finally, UBS Group lifted their price objective on shares of United Airlines from $59.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $96.60.

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.