Nomura Asset Management Co. Ltd. Increases Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Nomura Asset Management Co. Ltd. boosted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 20.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,210 shares of the transportation company’s stock after buying an additional 1,045 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in United Airlines were worth $603,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Moody National Bank Trust Division lifted its stake in shares of United Airlines by 2.1% in the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after purchasing an additional 98 shares during the period. Diversify Advisory Services LLC lifted its position in United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after buying an additional 101 shares during the period. Metis Global Partners LLC boosted its holdings in shares of United Airlines by 2.0% during the 4th quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock valued at $631,000 after buying an additional 129 shares in the last quarter. Hemington Wealth Management grew its position in shares of United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after buying an additional 131 shares during the period. Finally, Bell Investment Advisors Inc increased its stake in shares of 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 acquiring an additional 135 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Trading Down 15.6 %

Shares of UAL stock opened at $60.23 on Friday. 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 12-month low of $37.02 and a 12-month high of $116.00. The stock has a market capitalization of $19.72 billion, a P/E ratio of 6.39, a P/E/G ratio of 0.67 and a beta of 1.41. The firm’s 50 day moving average is $90.32 and its 200 day moving average is $86.68.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. TD Cowen boosted their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Bank of America reduced their price objective on United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group dropped their target price on United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Raymond James downgraded United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Jefferies Financial Group dropped their price target on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, United Airlines has a consensus rating of “Moderate Buy” and a consensus price target of $111.08.

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.