Mackenzie Financial Corp Has $20.25 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Mackenzie Financial Corp boosted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 47.7% in the 4th quarter, HoldingsChannel reports. The firm owned 490,836 shares of the transportation company’s stock after buying an additional 158,563 shares during the period. Mackenzie Financial Corp’s holdings in United Airlines were worth $20,252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JB Capital LLC bought a new position in shares of United Airlines in the fourth quarter valued at approximately $201,000. NWI Management LP raised its position in United Airlines by 69.6% in the 3rd quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock valued at $8,249,000 after purchasing an additional 80,000 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in United Airlines by 43.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock worth $12,197,000 after purchasing an additional 89,106 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of United Airlines by 1,993.1% during the third quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company’s stock worth $36,456,000 after purchasing an additional 820,660 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of United Airlines by 145.0% in the third quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the transportation company’s stock valued at $863,000 after buying an additional 12,070 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Up 5.5 %

Shares of United Airlines stock opened at $51.42 on Friday. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $58.23. The business has a fifty day simple moving average of $44.29 and a 200 day simple moving average of $41.42. The company has a quick ratio of 0.76, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The stock has a market cap of $16.91 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 0.70 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.39. The company had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.46 EPS. Research analysts predict that United Airlines Holdings, Inc. will post 9.3 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on UAL. Raymond James upped their price target on shares of United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen upped their target price on shares of United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Bank of America raised their price target on shares of United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com raised United Airlines from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Morgan Stanley increased their price objective on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday. Four equities 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 stock presently has an average rating of “Moderate Buy” and an average target price of $66.53.

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.