Mirae Asset Global Investments Co. Ltd. Acquires 23,000 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Mirae Asset Global Investments Co. Ltd. grew its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 48.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,571 shares of the transportation company’s stock after acquiring an additional 23,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in United Airlines were worth $2,912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. NBC Securities Inc. bought a new position in United Airlines in the third quarter worth $25,000. Loomis Sayles & Co. L P lifted its position in United Airlines by 707.8% in the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after purchasing an additional 545 shares during the period. Venturi Wealth Management LLC lifted its position in United Airlines by 72.1% in the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after purchasing an additional 274 shares during the period. Clear Street Markets LLC lifted its position in United Airlines by 101.8% in the first quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock worth $28,000 after purchasing an additional 36,811 shares during the period. Finally, Coppell Advisory Solutions Corp. bought a new position in United Airlines in the fourth quarter worth $45,000. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Performance

Shares of NASDAQ:UAL opened at $48.74 on Thursday. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23. The firm has a market cap of $16.03 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 0.58 and a beta of 1.55. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The business has a fifty day moving average of $44.09 and a 200-day moving average of $41.35.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. United Airlines had a return on equity of 40.50% and a net margin of 4.90%. The company had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. During the same period last year, the company posted $2.46 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that United Airlines Holdings, Inc. will post 9.46 EPS for the current fiscal year.

Analysts Set New Price Targets

UAL has been the subject of several research reports. Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a research report on Tuesday, February 13th. Susquehanna cut their price objective on United Airlines from $60.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday, April 9th. Bank of America raised United Airlines from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $56.00 in a report on Tuesday, January 9th. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $58.00 to $65.00 in a report on Friday, February 9th. Finally, TD Cowen lifted their price objective on United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, United Airlines presently has a consensus rating of “Moderate Buy” and an average price target of $64.60.

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.