Royal London Asset Management Ltd. Raises Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Royal London Asset Management Ltd. boosted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 105.5% in the fourth quarter, HoldingsChannel reports. The fund owned 7,028 shares of the transportation company’s stock after purchasing an additional 3,608 shares during the quarter. Royal London Asset Management Ltd.’s holdings in United Airlines were worth $682,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in United Airlines during the 4th quarter worth $137,000. State Street Corp grew its stake in shares of United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after acquiring an additional 78,470 shares during the last quarter. Longbow Finance SA acquired a new position in shares of United Airlines during the fourth quarter valued at about $9,359,000. MidWestOne Financial Group Inc. raised its position in shares of United Airlines by 28.0% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after purchasing an additional 11,743 shares during the last quarter. Finally, KBC Group NV acquired a new stake in United Airlines in the 4th quarter worth approximately $485,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. TD Cowen boosted their price target on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. increased their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, UBS Group decreased their target price on United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $112.75.

United Airlines Trading Up 7.1 %

Shares of UAL opened at $80.22 on Tuesday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The stock has a market cap of $26.26 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The firm’s fifty day moving average is $96.04 and its two-hundred day moving average is $85.95. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the company earned $2.00 EPS. United Airlines’s revenue was up 7.8% compared to the same quarter last year. Research analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

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.