United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. raised its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 42.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,178 shares of the transportation company’s stock after acquiring an additional 2,444 shares during the quarter. Meeder Advisory Services Inc.’s holdings in United Airlines were worth $398,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in UAL. Avantax Advisory Services Inc. increased its holdings in shares of United Airlines by 11.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,212 shares of the transportation company’s stock valued at $463,000 after acquiring an additional 1,183 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of United Airlines by 15.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 186,622 shares of the transportation company’s stock valued at $7,377,000 after buying an additional 25,360 shares during the last quarter. Beacon Pointe Advisors LLC raised its stake in United Airlines by 35.3% during the fourth quarter. Beacon Pointe Advisors LLC now owns 29,910 shares of the transportation company’s stock worth $1,234,000 after acquiring an additional 7,797 shares during the period. Great Lakes Advisors LLC bought a new position in United Airlines in the fourth quarter worth about $268,000. Finally, Norges Bank acquired a new position in United Airlines in the fourth quarter valued at approximately $41,114,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

United Airlines Trading Up 1.1 %

Shares of UAL stock opened at $50.22 on Monday. The stock has a 50-day simple moving average of $44.38 and a 200 day simple moving average of $47.29. The stock has a market capitalization of $16.51 billion, a P/E ratio of 6.21, a P/E/G ratio of 1.04 and a beta of 1.43. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $56.17. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company had revenue of $14.99 billion for the quarter, compared to analysts’ expectations of $15.04 billion. During the same quarter in the previous year, the company posted $5.03 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts expect that United Airlines Holdings, Inc. will post 9.73 earnings per share for the current fiscal 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.