United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 8.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,574 shares of the transportation company’s stock after purchasing an additional 11,906 shares during the period. Victory Capital Management Inc.’s holdings in United Airlines were worth $7,132,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas bought a new position in United Airlines during the 1st quarter worth approximately $25,000. Fidelis Capital Partners LLC acquired a new position in United Airlines in the first quarter worth $27,000. Crewe Advisors LLC bought a new stake in United Airlines during the first quarter valued at $32,000. GoalVest Advisory LLC acquired a new stake in shares of United Airlines during the first quarter worth $33,000. Finally, UMB Bank n.a. lifted its position in shares of United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after buying an additional 255 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UAL has been the topic of several research reports. Citigroup increased their price objective on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. TD Cowen raised their price target on United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research report on Thursday, June 6th. Finally, Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and increased their target price for the stock from $54.00 to $65.00 in a research report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.68.

United Airlines Trading Up 1.1 %

United Airlines stock opened at $50.22 on Monday. The firm has a market capitalization of $16.51 billion, a PE ratio of 6.21, a PEG ratio of 1.04 and a beta of 1.43. The business’s 50-day simple moving average is $44.38 and its 200-day simple moving average is $47.29. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. United Airlines Holdings, Inc. has a 52 week low of $33.68 and a 52 week high of $56.17.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, beating the consensus estimate of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.04 billion. During the same period in the prior year, the business earned $5.03 earnings per share. United Airlines’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities research analysts forecast that United Airlines Holdings, Inc. will post 9.73 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.