Mizuho Securities USA LLC Grows Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Mizuho Securities USA LLC boosted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 46.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,170 shares of the transportation company’s stock after buying an additional 9,847 shares during the period. Mizuho Securities USA LLC’s holdings in United Airlines were worth $3,027,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UAL. Boston Partners purchased a new stake in United Airlines during the 4th quarter valued at $323,508,000. Castle Hook Partners LP raised its holdings in United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after buying an additional 2,707,442 shares during the period. Rubric Capital Management LP purchased a new stake in United Airlines during the 3rd quarter valued at $63,486,000. Sanders Capital LLC raised its holdings in United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after buying an additional 1,040,589 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in United Airlines by 41.2% during the 3rd 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 period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

UAL opened at $74.87 on Monday. The business’s fifty day simple moving average is $96.52 and its 200-day simple moving average is $85.70. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month 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 company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last posted its earnings results 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 return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the firm earned $2.00 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Citigroup upped their price objective on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Raymond James reaffirmed an “outperform” rating and issued a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, Barclays set a $140.00 price objective on United Airlines and gave the company an “overweight” rating in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $112.75.

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.