Knightsbridge Asset Management LLC Buys New Shares in United Airlines Holdings, Inc. (NASDAQ:UAL)

Knightsbridge Asset Management LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 147,373 shares of the transportation company’s stock, valued at approximately $14,310,000. United Airlines comprises approximately 3.3% of Knightsbridge Asset Management LLC’s holdings, making the stock its 6th largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sanders Capital LLC increased its position in United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock valued at $1,344,671,000 after acquiring an additional 4,390,721 shares during the period. Boston Partners bought a new stake in United Airlines during the fourth quarter worth $323,508,000. FMR LLC grew its position in shares of United Airlines by 70.9% during the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company’s stock valued at $705,798,000 after acquiring an additional 3,015,979 shares during the period. Senator Investment Group LP increased its position in United Airlines by 214.8% in the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company’s stock worth $316,648,000 after buying an additional 2,225,000 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of United Airlines by 22.4% in the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock worth $950,461,000 after purchasing an additional 1,791,654 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Trading Up 1.5 %

Shares of United Airlines stock opened at $69.05 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm’s 50-day moving average price is $76.25 and its 200 day moving average price is $87.60. The firm has a market capitalization of $22.63 billion, a PE ratio of 7.32, a P/E/G ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Analysts Set New Price Targets

UAL has been the subject of several research reports. Morgan Stanley upped their target price on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Evercore ISI cut their price objective on United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. lifted their price target on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Susquehanna dropped their price target on United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a research note on Thursday, April 17th. Finally, Raymond James lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, United Airlines has a consensus rating of “Buy” and an average target price of $96.60.

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.