United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 94.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,733 shares of the transportation company’s stock after purchasing an additional 6,185 shares during the period. Edgestream Partners L.P.’s holdings in United Airlines were worth $620,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in United Airlines by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after purchasing an additional 64,542 shares in the last quarter. Bessemer Group Inc. grew its position in shares of United Airlines by 47.4% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock worth $261,000 after buying an additional 1,759 shares in the last quarter. Tidal Investments LLC increased its stake in shares of United Airlines by 16.4% in the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after buying an additional 2,456 shares during the last quarter. Jade Capital Advisors LLC acquired a new stake in United Airlines in the fourth quarter valued at $7,145,000. Finally, Texas Permanent School Fund Corp boosted its stake in United Airlines by 1.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 67,719 shares of the transportation company’s stock valued at $3,242,000 after acquiring an additional 669 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UAL has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of United Airlines from a “hold” rating to a “buy” rating and upped their target price for the company from $54.00 to $65.00 in a research note on Wednesday, May 29th. TD Cowen upped their price objective on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Thursday, June 6th. Finally, Citigroup upped their price target on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, United Airlines has a consensus rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Price Performance

NASDAQ UAL opened at $52.17 on Monday. The company has a 50-day moving average price of $44.98 and a two-hundred day moving average price of $47.57. The stock has a market cap of $17.15 billion, a price-to-earnings ratio of 6.45, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. 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 announced its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $15.04 billion. During the same quarter in the previous year, the firm posted $5.03 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts forecast that United Airlines Holdings, Inc. will post 9.73 EPS 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.