Handelsbanken Fonder AB Grows Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Handelsbanken Fonder AB raised its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 64.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 52,866 shares of the transportation company’s stock after buying an additional 20,633 shares during the quarter. Handelsbanken Fonder AB’s holdings in United Airlines were worth $5,133,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State Street Corp raised its holdings in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after purchasing an additional 78,470 shares during the period. Sanders Capital LLC grew its stake in shares of United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after buying an additional 1,040,589 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of United Airlines by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after buying an additional 168,498 shares in the last quarter. Castle Hook Partners LP grew its stake in shares of United Airlines by 176.1% in the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after buying an additional 2,707,442 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after buying an additional 908,558 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Down 6.4 %

Shares of United Airlines stock opened at $95.89 on Monday. 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 company has a 50-day simple moving average of $102.94 and a two-hundred day simple moving average of $80.00. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The stock has a market capitalization of $31.54 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the business earned $2.00 earnings per share. United Airlines’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on UAL shares. JPMorgan Chase & Co. increased their target price on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. TD Cowen raised their price target on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Barclays lifted their target price on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Morgan Stanley lifted their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Melius Research upgraded United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $113.88.

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.