Massachusetts Financial Services Co. MA Has $15.14 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Massachusetts Financial Services Co. MA lifted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 311,092 shares of the transportation company’s stock after purchasing an additional 8,231 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.09% of United Airlines worth $15,138,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UAL. Wahed Invest LLC lifted its stake in shares of United Airlines by 13.7% in the first quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after buying an additional 192 shares in the last quarter. Mather Group LLC. lifted its position in United Airlines by 26.6% in the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 247 shares in the last quarter. UMB Bank n.a. boosted its stake in United Airlines by 59.7% during the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 255 shares during the last quarter. Czech National Bank increased its holdings in United Airlines by 0.5% during the 1st quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock worth $2,763,000 after purchasing an additional 271 shares in the last quarter. Finally, XML Financial LLC raised its stake in shares of United Airlines by 2.3% in the first quarter. XML Financial LLC now owns 11,970 shares of the transportation company’s stock worth $573,000 after purchasing an additional 272 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UAL. Redburn Atlantic raised United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Thursday, June 6th. Citigroup raised their price target 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. TD Cowen upped their price objective on shares of United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and lifted 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Trading Down 0.8 %

Shares of United Airlines stock opened at $52.17 on Friday. The stock has a market capitalization of $17.15 billion, a P/E ratio of 6.45, a P/E/G ratio of 1.08 and a beta of 1.43. United Airlines Holdings, Inc. has a 52-week low of $33.68 and a 52-week high of $56.17. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. The stock’s 50-day simple moving average is $44.98 and its 200 day simple moving average is $47.52.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the company posted $5.03 EPS. United Airlines’s revenue was up 5.7% compared to the same quarter last year. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 9.73 EPS for the current year.

About United Airlines

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.