United Airlines Holdings, Inc. (NASDAQ:UAL) Stake Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its stake in United Airlines Holdings, Inc. (NASDAQ:UALGet Rating) by 49.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,800 shares of the transportation company’s stock after acquiring an additional 10,184 shares during the period. Allspring Global Investments Holdings LLC’s holdings in United Airlines were worth $1,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CastleKnight Management LP boosted its holdings in United Airlines by 1.3% during the second quarter. CastleKnight Management LP now owns 23,100 shares of the transportation company’s stock worth $818,000 after buying an additional 300 shares in the last quarter. State of Michigan Retirement System boosted its holdings in United Airlines by 0.3% during the third quarter. State of Michigan Retirement System now owns 88,428 shares of the transportation company’s stock worth $2,877,000 after buying an additional 300 shares in the last quarter. Captrust Financial Advisors boosted its holdings in United Airlines by 5.3% during the second quarter. Captrust Financial Advisors now owns 6,660 shares of the transportation company’s stock worth $236,000 after buying an additional 334 shares in the last quarter. Empirical Finance LLC boosted its holdings in United Airlines by 6.0% during the second quarter. Empirical Finance LLC now owns 6,113 shares of the transportation company’s stock worth $217,000 after buying an additional 347 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in United Airlines by 1.7% during the second quarter. Nisa Investment Advisors LLC now owns 23,501 shares of the transportation company’s stock worth $832,000 after buying an additional 400 shares in the last quarter. 59.73% of the stock is currently owned by institutional investors.

United Airlines Stock Performance

NASDAQ:UAL opened at $49.46 on Friday. United Airlines Holdings, Inc. has a 12-month low of $30.54 and a 12-month high of $53.26. The company has a quick ratio of 0.98, a current ratio of 1.03 and a debt-to-equity ratio of 5.84. The firm has a market capitalization of $16.16 billion, a PE ratio of -20.87 and a beta of 1.35. The firm has a 50-day moving average price of $42.96 and a 200 day moving average price of $39.55.

United Airlines (NASDAQ:UALGet Rating) last issued its quarterly earnings data on Wednesday, January 18th. The transportation company reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.36. The firm had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $12.23 billion. United Airlines had a negative net margin of 1.85% and a negative return on equity of 11.42%. The company’s quarterly revenue was up 51.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.60) earnings per share. Research analysts anticipate that United Airlines Holdings, Inc. will post 2.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of recent analyst reports. Raymond James raised their price objective on shares of United Airlines from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, October 20th. Barclays increased their target price on shares of United Airlines from $45.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Citigroup increased their target price on shares of United Airlines from $56.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, October 21st. Bank of America increased their target price on shares of United Airlines from $35.00 to $40.00 and gave the stock an “underperform” rating in a research report on Thursday, October 20th. Finally, Argus upgraded shares of United Airlines from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday, December 6th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $52.56.

Insider Activity

In related news, Director James A. C. Kennedy purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The shares were acquired at an average cost of $39.72 per share, with a total value of $79,440.00. Following the completion of the purchase, the director now directly owns 16,596 shares of the company’s stock, valued at $659,193.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is owned by insiders.

About United Airlines

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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, training, and maintenance services for third parties.

Further Reading

Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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