Meeder Asset Management Inc. Has $10.66 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Meeder Asset Management Inc. lifted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 94.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,800 shares of the transportation company’s stock after buying an additional 53,361 shares during the period. United Airlines comprises approximately 0.7% of Meeder Asset Management Inc.’s portfolio, making the stock its 27th biggest position. Meeder Asset Management Inc.’s holdings in United Airlines were worth $10,662,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bank of Jackson Hole Trust acquired a new position in United Airlines in the 4th quarter valued at approximately $25,000. Hemington Wealth Management increased its stake 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 worth $30,000 after acquiring an additional 131 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of United Airlines during the fourth quarter worth $32,000. Whipplewood Advisors LLC purchased a new position in United Airlines in the fourth quarter valued at about $32,000. Finally, Bell Investment Advisors Inc increased its position in United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley lifted their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. TD Cowen boosted their target price on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Susquehanna restated a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. JPMorgan Chase & Co. upped their price objective on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Finally, Melius Research upgraded United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $112.75.

United Airlines Stock Down 4.5 %

UAL opened at $70.23 on Monday. The business has a 50 day moving average of $93.52 and a 200-day moving average of $86.72. The stock has a market capitalization of $22.99 billion, a price-to-earnings ratio of 7.45, a P/E/G ratio of 0.67 and a beta of 1.41. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00.

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

United Airlines Company 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.