Federated Hermes Inc. Grows Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Federated Hermes Inc. raised its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 16,098.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,585 shares of the transportation company’s stock after buying an additional 8,532 shares during the quarter. Federated Hermes Inc.’s holdings in United Airlines were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of UAL. BNP Paribas purchased a new stake in United Airlines in the 1st quarter valued at $25,000. Fidelis Capital Partners LLC acquired a new position in United Airlines in the first quarter valued at $27,000. Crewe Advisors LLC purchased a new stake in shares of United Airlines in the first quarter valued at about $32,000. GoalVest Advisory LLC acquired a new stake in shares of United Airlines during the first quarter worth about $33,000. Finally, UMB Bank n.a. grew its holdings in shares of United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after buying an additional 255 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Performance

Shares of UAL stock opened at $52.36 on Tuesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.71 and a current ratio of 0.77. The stock has a market cap of $17.22 billion, a PE ratio of 6.47, a P/E/G ratio of 1.08 and a beta of 1.43. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $56.17. The stock has a fifty day moving average price of $45.14 and a 200 day moving average price of $47.63.

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

Analysts Set New Price Targets

UAL has been the subject of several analyst reports. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and upped their price objective for the company from $54.00 to $65.00 in a research note on Wednesday, May 29th. Citigroup increased their price target on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Redburn Atlantic raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Thursday, June 6th. Finally, TD Cowen raised their target price 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. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.68.

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.