United Airlines Holdings, Inc. (NASDAQ:UAL) Position Increased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 42.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,178 shares of the transportation company’s stock after acquiring an additional 2,444 shares during the period. Meeder Advisory Services Inc.’s holdings in United Airlines were worth $398,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UAL. Capital International Investors grew its stake in United Airlines by 2.4% during the 1st quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after acquiring an additional 429,501 shares in the last quarter. Par Capital Management Inc. grew its position in United Airlines by 7.2% during the fourth quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock valued at $91,737,000 after purchasing an additional 150,000 shares in the last quarter. Interval Partners LP acquired a new position in United Airlines in the 1st quarter valued at approximately $103,354,000. Patient Capital Management LLC lifted its position in United Airlines by 11.9% in the 4th quarter. Patient Capital Management LLC now owns 1,221,053 shares of the transportation company’s stock worth $50,381,000 after buying an additional 129,981 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of United Airlines by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after buying an additional 64,542 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UAL shares. TD Cowen upped their price target on shares of United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and upped their target price for the stock from $54.00 to $65.00 in a research report on Wednesday, May 29th. Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price target for the company in a report on Thursday, June 6th. Finally, Citigroup increased their price objective on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $71.68.

United Airlines Stock Up 1.1 %

UAL opened at $50.22 on Monday. The business has a 50 day moving average of $44.38 and a 200-day moving average of $47.29. The stock has a market capitalization of $16.51 billion, a price-to-earnings ratio of 6.21, a P/E/G ratio of 1.04 and a beta of 1.43. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $56.17.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.97 by $0.17. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same period last year, the business posted $5.03 EPS. The business’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 9.73 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.