Asset Management One Co. Ltd. Buys 1,607 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Asset Management One Co. Ltd. raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,094 shares of the transportation company’s stock after acquiring an additional 1,607 shares during the period. Asset Management One Co. Ltd.’s holdings in United Airlines were worth $807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hemington Wealth Management grew its stake 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 in the last quarter. Winch Advisory Services LLC purchased a new position in shares of United Airlines in the 4th quarter worth $38,000. Global Trust Asset Management LLC purchased a new position in shares of United Airlines in the 3rd quarter worth $29,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of United Airlines by 25.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock worth $69,000 after buying an additional 142 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after buying an additional 392 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Trading Down 3.8 %

Shares of UAL opened at $102.49 on Friday. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a 50-day moving average of $102.79 and a 200 day moving average of $78.86. The firm has a market capitalization of $33.71 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 0.68 and a beta of 1.43. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating 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 business had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the business posted $2.00 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on UAL. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Susquehanna lifted their price target on shares of United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Raymond James reaffirmed an “outperform” rating and set a $130.00 price target (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Finally, Morgan Stanley lifted their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $113.88.

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.