Sciencast Management LP Purchases 6,899 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Sciencast Management LP increased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 110.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,131 shares of the transportation company’s stock after acquiring an additional 6,899 shares during the period. Sciencast Management LP’s holdings in United Airlines were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Boston Partners bought a new position in shares of United Airlines in the 4th quarter worth $323,508,000. Castle Hook Partners LP increased its holdings in shares of United Airlines by 176.1% in the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after buying an additional 2,707,442 shares during the last quarter. Rubric Capital Management LP bought a new position in shares of United Airlines in the 3rd quarter worth $63,486,000. Sanders Capital LLC increased its holdings in shares of United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after buying an additional 1,040,589 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after buying an additional 908,558 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 1.1 %

Shares of UAL opened at $74.87 on Friday. The firm has a fifty day simple moving average of $96.52 and a two-hundred day simple moving average of $85.41. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $24.51 billion, a P/E ratio of 7.94, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the company posted $2.00 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Susquehanna reissued a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. UBS Group reduced their target price on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday. Morgan Stanley increased their target price on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Citigroup increased their target price on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $112.75.

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.