Mirae Asset Global Investments Co. Ltd. Has $2.91 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Mirae Asset Global Investments Co. Ltd. boosted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 48.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 70,571 shares of the transportation company’s stock after purchasing an additional 23,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in United Airlines were worth $2,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. NBC Securities Inc. acquired a new position in United Airlines in the 3rd quarter worth about $25,000. Loomis Sayles & Co. L P increased its stake in shares of United Airlines by 707.8% in the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock valued at $26,000 after buying an additional 545 shares during the period. Venturi Wealth Management LLC increased its stake in shares of United Airlines by 72.1% in the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after buying an additional 274 shares during the period. Clear Street Markets LLC increased its stake in shares of United Airlines by 101.8% in the first quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock valued at $28,000 after buying an additional 36,811 shares during the period. Finally, Coppell Advisory Solutions Corp. acquired a new stake in shares of United Airlines in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of UAL opened at $48.74 on Thursday. The firm has a market cap of $16.03 billion, a PE ratio of 6.02, a PEG ratio of 0.58 and a beta of 1.55. The stock’s fifty day moving average price is $44.09 and its two-hundred day moving average price is $41.35. 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.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a return on equity of 40.50% and a net margin of 4.90%. The company 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 posted $2.46 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 9.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UAL shares. StockNews.com raised United Airlines from a “sell” rating to a “hold” rating in a research note on Thursday. TD Cowen raised their target price on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $58.00 to $65.00 in a research note on Friday, February 9th. Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research note on Tuesday, February 13th. Finally, Bank of America raised United Airlines from an “underperform” rating to a “buy” rating and raised their target price for the stock from $40.00 to $56.00 in a research note on Tuesday, January 9th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.60.

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.