Allspring Global Investments Holdings LLC Acquires 89,106 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Allspring Global Investments Holdings LLC boosted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 43.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 295,615 shares of the transportation company’s stock after acquiring an additional 89,106 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in United Airlines were worth $12,197,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its position in shares of United Airlines by 72.1% during the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after purchasing an additional 274 shares during the last quarter. New York Life Investment Management LLC boosted its position in United Airlines by 0.7% in the 3rd quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock valued at $1,943,000 after buying an additional 308 shares during the period. Stifel Financial Corp grew its stake in United Airlines by 0.4% in the 1st quarter. Stifel Financial Corp now owns 73,814 shares of the transportation company’s stock worth $3,266,000 after acquiring an additional 314 shares in the last quarter. Captrust Financial Advisors increased its position in shares of 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 acquiring an additional 334 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of United Airlines by 11.1% during the third quarter. EverSource Wealth Advisors LLC now owns 3,736 shares of the transportation company’s stock valued at $158,000 after acquiring an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UAL. UBS Group started coverage on United Airlines in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 price objective on the stock. Susquehanna cut their price target on United Airlines from $60.00 to $55.00 and set a “positive” rating on the stock in a research note on Tuesday, April 9th. TD Cowen upped their price objective on shares of United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. StockNews.com lowered shares of United Airlines from a “hold” rating to a “sell” rating in a report on Friday. Finally, Bank of America upgraded shares of United Airlines from an “underperform” rating to a “buy” rating and increased their price objective for the company from $40.00 to $56.00 in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $64.60.

United Airlines Stock Down 1.8 %

Shares of UAL stock opened at $41.04 on Tuesday. The stock’s fifty day moving average price is $43.94 and its 200 day moving average price is $41.31. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.83 and a quick ratio of 0.76. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $58.23. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 5.21, a price-to-earnings-growth ratio of 0.58 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a net margin of 4.87% and a return on equity of 41.01%. The firm had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. During the same period in the previous year, the company earned $2.46 earnings per share. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, research analysts expect that United Airlines Holdings, Inc. will post 9.55 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.