Massachusetts Financial Services Co. MA Raises Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Massachusetts Financial Services Co. MA boosted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,092 shares of the transportation company’s stock after purchasing an additional 8,231 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in United Airlines were worth $15,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of UAL. Price T Rowe Associates Inc. MD raised its position in shares of United Airlines by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock worth $55,634,000 after buying an additional 64,542 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of United Airlines by 47.4% during the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock valued at $261,000 after acquiring an additional 1,759 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of 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 in the last quarter. Jade Capital Advisors LLC purchased a new stake in United Airlines in the fourth quarter valued at approximately $7,145,000. Finally, Texas Permanent School Fund Corp lifted its position in United Airlines by 1.0% during the first quarter. Texas Permanent School Fund Corp now owns 67,719 shares of the transportation company’s stock valued at $3,242,000 after purchasing an additional 669 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

United Airlines Stock Performance

Shares of UAL stock opened at $52.17 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07. The stock has a fifty day moving average of $44.98 and a 200 day moving average of $47.52. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 6.45, a PEG ratio of 1.08 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.

United Airlines (NASDAQ:UAL) last announced its earnings results 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 net margin of 5.28% and a return on equity of 33.90%. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter in the previous year, the firm posted $5.03 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts expect 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.