United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,964 shares of the transportation company’s stock after purchasing an additional 1,180 shares during the quarter. Handelsbanken Fonder AB’s holdings in United Airlines were worth $4,001,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. boosted its position in United Airlines by 23.5% during the third quarter. Invesco Ltd. now owns 4,649,616 shares of the transportation company’s stock worth $196,679,000 after acquiring an additional 885,199 shares during the last quarter. U S Global Investors Inc. boosted its holdings in shares of United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after purchasing an additional 1,005,170 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of United Airlines by 3.4% in the 3rd quarter. Northern Trust Corp now owns 2,404,540 shares of the transportation company’s stock valued at $101,712,000 after purchasing an additional 79,881 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of United Airlines by 0.9% in the 3rd quarter. AQR Capital Management LLC now owns 1,772,907 shares of the transportation company’s stock valued at $74,994,000 after purchasing an additional 15,709 shares during the last quarter. Finally, Calamos Advisors LLC boosted its holdings in shares of United Airlines by 36.6% in the 4th quarter. Calamos Advisors LLC now owns 895,684 shares of the transportation company’s stock valued at $36,956,000 after purchasing an additional 240,224 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Activity

In other news, EVP Kate Gebo sold 15,000 shares of United Airlines stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the transaction, the executive vice president now directly owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of UAL stock opened at $53.51 on Friday. The firm has a market cap of $17.59 billion, a P/E ratio of 6.61, a P/E/G ratio of 0.52 and a beta of 1.55. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $58.23. The firm has a fifty day moving average of $45.34 and a two-hundred day moving average of $41.83.

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, topping the consensus estimate of $1.61 by $0.39. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The company had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. During the same period last year, the business earned $2.46 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 9.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 18th. Evercore ISI upgraded shares of United Airlines from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $58.00 to $65.00 in a report on Friday, February 9th. TD Cowen lifted their price target on shares of United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Susquehanna raised their target price on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, April 18th. Finally, Redburn Atlantic downgraded shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research note on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.53.

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.