Allianz Asset Management GmbH grew its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 54.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 857,024 shares of the transportation company’s stock after buying an additional 303,551 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.26% of United Airlines worth $49,313,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Northern Trust Corp grew its stake in shares of United Airlines by 4.2% during the first quarter. Northern Trust Corp now owns 2,691,758 shares of the transportation company’s stock worth $154,884,000 after buying an additional 108,891 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of United Airlines by 11.2% during the first quarter. Geode Capital Management LLC now owns 5,523,179 shares of the transportation company’s stock worth $317,271,000 after buying an additional 556,693 shares during the last quarter. Cresset Asset Management LLC acquired a new position in shares of United Airlines during the first quarter worth $296,000. Prudential Financial Inc. lifted its holdings in shares of United Airlines by 22.8% during the first quarter. Prudential Financial Inc. now owns 265,763 shares of the transportation company’s stock worth $15,292,000 after purchasing an additional 49,344 shares during the period. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of United Airlines by 151.2% during the first quarter. Ensign Peak Advisors Inc now owns 270,352 shares of the transportation company’s stock worth $15,555,000 after purchasing an additional 162,714 shares during the period. 62.23% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently weighed in on UAL. Barclays upped their price objective on shares of United Airlines from $44.00 to $62.00 in a report on Thursday, April 15th. MKM Partners began coverage on shares of United Airlines in a report on Thursday, June 10th. They set a “neutral” rating and a $65.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of United Airlines from $43.00 to $58.00 and gave the company an “underweight” rating in a report on Wednesday, April 14th. Jefferies Financial Group upped their price objective on shares of United Airlines from $55.00 to $60.00 and gave the company a “hold” rating in a report on Tuesday, March 30th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price objective on shares of United Airlines from $65.00 to $67.00 and gave the company a “buy” rating in a report on Monday. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $56.74.
UAL opened at $55.60 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.07 and a debt-to-equity ratio of 5.01. The stock has a market capitalization of $17.99 billion, a PE ratio of -2.44 and a beta of 1.63. United Airlines Holdings, Inc. has a twelve month low of $29.23 and a twelve month high of $63.70. The company has a 50-day moving average of $55.52.
United Airlines (NASDAQ:UAL) last released its earnings results on Sunday, April 18th. The transportation company reported ($7.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($7.08) by ($0.42). The company had revenue of $3.20 billion during the quarter, compared to analysts’ expectations of $3.28 billion. United Airlines had a negative net margin of 63.43% and a negative return on equity of 141.48%. The firm’s revenue was down 59.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.57) earnings per share. On average, sell-side analysts expect that United Airlines Holdings, Inc. will post -13.99 EPS for the current year.
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 sells fuel; and offers catering, ground handling, and maintenance services for third parties.
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