KBC Group NV Grows Stake in United Airlines Holdings Inc (NASDAQ:UAL)

KBC Group NV boosted its position in United Airlines Holdings Inc (NASDAQ:UAL) by 81.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,057 shares of the transportation company’s stock after purchasing an additional 4,067 shares during the period. KBC Group NV’s holdings in United Airlines were worth $626,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Capital A Wealth Management LLC purchased a new position in United Airlines during the fourth quarter worth $31,000. Bell Investment Advisors Inc increased its position in United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after buying an additional 135 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in United Airlines during the fourth quarter worth $36,000. CENTRAL TRUST Co increased its position in United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company’s stock worth $56,000 after buying an additional 297 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new position in United Airlines during the fourth quarter worth $58,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Trading Up 1.5%

Shares of UAL opened at $82.21 on Friday. The stock’s 50-day moving average is $77.34 and its two-hundred day moving average is $84.80. The stock has a market cap of $26.85 billion, a PE ratio of 7.49, a P/E/G ratio of 1.41 and a beta of 1.42. United Airlines Holdings Inc has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to analysts’ expectations of $13.47 billion. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. Equities analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Evercore ISI dropped their price target on United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Bank of America lowered their price objective on United Airlines from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, April 3rd. Wall Street Zen downgraded United Airlines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 7th. Raymond James Financial downgraded United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Finally, Cowen reaffirmed a “buy” rating on shares of United Airlines in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, United Airlines presently has a consensus rating of “Buy” and an average target price of $104.64.

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, flight academy, and maintenance services for third parties.