Allspring Global Investments Holdings LLC lifted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 925.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,885 shares of the transportation company’s stock after buying an additional 172,267 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.06% of United Airlines worth $10,474,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in UAL. Natixis Advisors L.P. raised its stake in United Airlines by 1.6% in the 1st quarter. Natixis Advisors L.P. now owns 57,659 shares of the transportation company’s stock valued at $2,551,000 after purchasing an additional 918 shares during the last quarter. Macquarie Group Ltd. raised its stake in United Airlines by 6.8% in the 1st quarter. Macquarie Group Ltd. now owns 36,740 shares of the transportation company’s stock valued at $1,626,000 after purchasing an additional 2,340 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in United Airlines in the 2nd quarter valued at $243,000. Dark Forest Capital Management LP purchased a new stake in United Airlines in the 1st quarter valued at $229,000. Finally, Stratos Wealth Partners LTD. grew its holdings in United Airlines by 20.8% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 17,909 shares of the transportation company’s stock valued at $983,000 after buying an additional 3,084 shares in the last quarter. 70.37% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
UAL has been the subject of a number of research analyst reports. StockNews.com initiated coverage on United Airlines in a report on Thursday, October 5th. They set a “hold” rating for the company. Argus increased their price target on United Airlines from $58.00 to $65.00 in a report on Wednesday, July 12th. Citigroup lowered their price target on United Airlines from $76.00 to $71.00 and set a “buy” rating for the company in a report on Thursday, October 19th. Evercore ISI decreased their target price on United Airlines from $65.00 to $58.00 and set an “in-line” rating on the stock in a research note on Monday, August 28th. Finally, Sanford C. Bernstein decreased their target price on United Airlines from $71.00 to $69.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 26th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, United Airlines currently has a consensus rating of “Moderate Buy” and an average target price of $64.87.
United Airlines Trading Up 0.6 %
Shares of UAL stock opened at $35.01 on Wednesday. The business’s 50 day moving average is $42.85 and its two-hundred day moving average is $48.25. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23. The company has a market capitalization of $11.48 billion, a P/E ratio of 4.06, a price-to-earnings-growth ratio of 0.07 and a beta of 1.44. The company has a current ratio of 0.89, a quick ratio of 0.82 and a debt-to-equity ratio of 2.94.
United Airlines (NASDAQ:UAL – Get Free Report) last posted its quarterly earnings results on Wednesday, October 18th. The transportation company reported $3.65 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.27. United Airlines had a return on equity of 46.26% and a net margin of 5.45%. The firm had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same period in the previous year, the business earned $2.81 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities analysts forecast that United Airlines Holdings, Inc. will post 9.93 EPS for the current year.
United Airlines 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, training, and maintenance services for third parties.
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