Daiwa Securities Group Inc. Buys 3,047 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Daiwa Securities Group Inc. increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,069 shares of the transportation company’s stock after acquiring an additional 3,047 shares during the quarter. Daiwa Securities Group Inc.’s holdings in United Airlines were worth $2,240,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UAL. Janney Montgomery Scott LLC lifted its position in United Airlines by 1.1% during the third quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company’s stock valued at $1,278,000 after purchasing an additional 248 shares during the last quarter. Venturi Wealth Management LLC lifted its position in United Airlines by 43.5% during the third quarter. Venturi Wealth Management LLC now owns 1,230 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 373 shares during the last quarter. GSA Capital Partners LLP lifted its position in United Airlines by 91.6% during the third quarter. GSA Capital Partners LLP now owns 20,961 shares of the transportation company’s stock valued at $1,196,000 after purchasing an additional 10,019 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in United Airlines by 6.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 35,901 shares of the transportation company’s stock valued at $2,049,000 after purchasing an additional 2,065 shares during the last quarter. Finally, Huntington National Bank lifted its position in United Airlines by 10.8% during the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 129 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Up 5.4 %

Shares of United Airlines stock opened at $73.67 on Friday. The firm’s 50 day moving average price is $99.44 and its 200-day moving average price is $84.05. 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 Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The company has a market cap of $24.12 billion, a P/E ratio of 7.81, a PEG ratio of 0.67 and a beta of 1.41.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Susquehanna restated a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Citigroup raised their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. UBS Group raised their target price on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. raised their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $114.95.

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.