UniSuper Management Pty Ltd Purchases 18,741 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

UniSuper Management Pty Ltd raised its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1,155.4% during the first quarter, Holdings Channel reports. The fund owned 20,363 shares of the transportation company’s stock after buying an additional 18,741 shares during the period. UniSuper Management Pty Ltd’s holdings in United Airlines were worth $975,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Capital Wealth Alliance LLC bought a new stake in United Airlines in the first quarter worth $224,000. Edgestream Partners L.P. purchased a new position in shares of United Airlines in the first quarter worth about $314,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of United Airlines in the 1st quarter valued at about $261,000. Banco BTG Pactual S.A. purchased a new stake in United Airlines during the 1st quarter valued at about $1,065,000. Finally, Twin Tree Management LP grew its position in United Airlines by 131.1% during the 1st quarter. Twin Tree Management LP now owns 84,390 shares of the transportation company’s stock worth $4,041,000 after acquiring an additional 355,990 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UAL. HSBC began coverage on United Airlines in a research note on Monday, May 13th. They set a “buy” rating and a $69.20 price objective for the company. Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and raised their price target for the stock from $54.00 to $65.00 in a report on Wednesday, May 29th. Raymond James boosted their price objective on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. Bank of America increased their target price on shares of United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, TD Cowen upped their price target on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and an average price target of $72.20.

United Airlines Stock Up 2.8 %

UAL traded up $1.27 during midday trading on Thursday, reaching $47.29. The company’s stock had a trading volume of 1,888,443 shares, compared to its average volume of 8,963,070. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. The stock’s 50-day moving average is $49.85 and its 200-day moving average is $46.86. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $56.17. The firm has a market capitalization of $15.55 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 0.79 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.04 billion. During the same quarter last year, the company earned $5.03 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, research analysts expect that United Airlines Holdings, Inc. will post 9.53 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 offers catering, ground handling, flight academy, and maintenance services for third parties.