United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC grew its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 87,017 shares of the transportation company’s stock after acquiring an additional 1,542 shares during the period. MetLife Investment Management LLC’s holdings in United Airlines were worth $8,449,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in UAL. Wilmington Savings Fund Society FSB purchased a new stake in United Airlines during the third quarter worth about $129,000. Franklin Resources Inc. lifted its holdings in United Airlines by 214.7% during the 3rd quarter. Franklin Resources Inc. now owns 202,552 shares of the transportation company’s stock worth $11,558,000 after buying an additional 138,191 shares in the last quarter. Principal Financial Group Inc. boosted its position in United Airlines by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company’s stock valued at $21,581,000 after buying an additional 11,601 shares during the period. Versant Capital Management Inc grew its stake in shares of United Airlines by 98.4% in the fourth quarter. Versant Capital Management Inc now owns 1,345 shares of the transportation company’s stock worth $131,000 after acquiring an additional 667 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of United Airlines by 23.5% during the fourth quarter. GAMMA Investing LLC now owns 4,922 shares of the transportation company’s stock worth $478,000 after acquiring an additional 937 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UAL shares. JPMorgan Chase & Co. upped their price target on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Evercore ISI cut their target price on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Barclays lowered their price target on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. TD Cowen lifted their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group lowered their price target on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.95.

United Airlines Stock Down 1.5 %

Shares of NASDAQ:UAL opened at $65.30 on Tuesday. 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 company has a market cap of $21.40 billion, a price-to-earnings ratio of 6.92, a PEG ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The firm’s 50-day simple moving average is $78.36 and its 200-day simple moving average is $87.81.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.75 by $0.16. The business had revenue of $13.21 billion during the quarter, compared to analysts’ expectations of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share 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.