Cambridge Investment Research Advisors Inc. Grows Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Cambridge Investment Research Advisors Inc. increased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 41.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,227 shares of the transportation company’s stock after acquiring an additional 15,715 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in United Airlines were worth $2,590,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Capital International Investors lifted its position in shares of United Airlines by 2.4% during the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after buying an additional 429,501 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of United Airlines by 24.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock valued at $170,974,000 after buying an additional 812,257 shares during the last quarter. Par Capital Management Inc. lifted its position in shares of 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 buying an additional 150,000 shares during the last quarter. Interval Partners LP purchased a new stake in shares of United Airlines during the first quarter valued at about $103,354,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of United Airlines by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,725,062 shares of the transportation company’s stock valued at $71,176,000 after buying an additional 26,488 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UAL has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. HSBC initiated coverage on shares of United Airlines in a report on Monday, May 13th. They set a “buy” rating and a $69.20 price objective on the stock. TD Cowen upped their price objective on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Friday, May 17th. Finally, Redburn Atlantic upgraded shares of United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a report on Thursday, June 6th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.68.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $44.04 on Friday. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 0.69 and a beta of 1.44. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $56.17. The firm’s 50 day simple moving average is $44.67 and its 200-day simple moving average is $47.02. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71.

United Airlines (NASDAQ:UAL) last announced its earnings results on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. During the same quarter last year, the firm posted $5.03 EPS. The business’s revenue was up 5.7% on a year-over-year basis. Analysts expect that United Airlines Holdings, Inc. will post 9.63 EPS for the current year.

United Airlines 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.