ProShare Advisors LLC Has $7.39 Million Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

ProShare Advisors LLC raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 99.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 151,802 shares of the transportation company’s stock after purchasing an additional 75,541 shares during the quarter. ProShare Advisors LLC’s holdings in United Airlines were worth $7,387,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of UAL. Price T Rowe Associates Inc. MD raised its position in United Airlines by 5.9% in 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 last quarter. Bessemer Group Inc. lifted its position in shares of United Airlines by 47.4% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock valued at $261,000 after purchasing an additional 1,759 shares in the last quarter. Tidal Investments LLC boosted its holdings in United Airlines by 16.4% during the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after purchasing an additional 2,456 shares during the last quarter. Jade Capital Advisors LLC bought a new stake in United Airlines in the 4th quarter worth about $7,145,000. Finally, Texas Permanent School Fund Corp lifted its position in shares of United Airlines by 1.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 67,719 shares of the transportation company’s stock worth $3,242,000 after buying an additional 669 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

UAL has been the subject of several recent analyst reports. Redburn Atlantic raised United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a report on Thursday, June 6th. Citigroup raised their target price on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. TD Cowen boosted their price target on shares of United Airlines from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Jefferies Financial Group upgraded shares of United Airlines from a “hold” rating to a “buy” rating and raised their price objective for the stock from $54.00 to $65.00 in a report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.68.

United Airlines Stock Performance

Shares of UAL opened at $53.63 on Wednesday. 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 capitalization of $17.64 billion, a price-to-earnings ratio of 6.63, a price-to-earnings-growth ratio of 1.10 and a beta of 1.43. United Airlines Holdings, Inc. has a 52-week low of $33.68 and a 52-week high of $56.17. The stock’s 50-day simple moving average is $45.27 and its 200 day simple moving average is $47.70.

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

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.