Los Angeles Capital Management LLC Purchases Shares of 362,870 United Airlines Holdings, Inc. (NASDAQ:UAL)

Los Angeles Capital Management LLC purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 362,870 shares of the transportation company’s stock, valued at approximately $35,235,000. Los Angeles Capital Management LLC owned 0.11% of United Airlines at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State Street Corp raised its position 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 valued at $588,874,000 after buying an additional 78,470 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after buying an additional 908,558 shares during the last quarter. MidWestOne Financial Group Inc. raised its position in shares of United Airlines by 28.0% during the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after buying an additional 11,743 shares during the last quarter. KBC Group NV acquired a new position in shares of United Airlines during the fourth quarter valued at about $485,000. Finally, Aigen Investment Management LP raised its position in shares of United Airlines by 87.2% during the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock valued at $1,079,000 after buying an additional 8,808 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of United Airlines stock opened at $96.58 on Wednesday. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm’s 50-day moving average price is $103.02 and its two-hundred day moving average price is $80.79. The stock has a market capitalization of $31.76 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.67 and a beta of 1.43.

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

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Morgan Stanley increased their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. increased their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. TD Cowen increased their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, UBS Group increased their price target on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, United Airlines has a consensus rating of “Buy” and an average target price of $113.88.

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.