American Century Companies Inc. Raises Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

American Century Companies Inc. boosted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 9.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 602,958 shares of the transportation company’s stock after acquiring an additional 52,799 shares during the quarter. American Century Companies Inc.’s holdings in United Airlines were worth $58,547,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of UAL. Proficio Capital Partners LLC purchased a new position in shares of United Airlines during the fourth quarter worth approximately $137,000. State Street Corp increased its holdings in United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after purchasing an additional 78,470 shares during the period. Longbow Finance SA purchased a new position in United Airlines during the 4th quarter worth $9,359,000. MidWestOne Financial Group Inc. lifted its holdings 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 worth $3,064,000 after buying an additional 11,743 shares during the period. Finally, KBC Group NV bought a new position in shares of United Airlines during the 4th quarter worth $485,000. Institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on UAL. Susquehanna restated a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Citigroup upped their price target on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays set a $140.00 price objective on shares of United Airlines and gave the company an “overweight” rating in a report on Wednesday, March 12th. TD Cowen upped their target price on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Two 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $112.75.

United Airlines Trading Down 1.6 %

NASDAQ:UAL opened at $78.90 on Wednesday. The company has a market capitalization of $25.83 billion, a P/E ratio of 8.37, a PEG ratio of 0.67 and a beta of 1.41. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The firm has a fifty day simple moving average of $95.46 and a 200-day simple moving average of $86.18.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The company’s 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 year.

About United Airlines

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.