Primecap Management Co. CA Has $2.20 Billion Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Primecap Management Co. CA decreased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,679,475 shares of the transportation company’s stock after selling 891,527 shares during the quarter. United Airlines makes up about 1.7% of Primecap Management Co. CA’s investment portfolio, making the stock its 15th biggest holding. Primecap Management Co. CA owned 0.07% of United Airlines worth $2,202,177,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in UAL. Castle Hook Partners LP lifted its stake in United Airlines by 176.1% in the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after acquiring an additional 2,707,442 shares during the last quarter. Rubric Capital Management LP acquired a new stake in United Airlines in the third quarter valued at $63,486,000. Sanders Capital LLC lifted its stake in United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after acquiring an additional 1,040,589 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after acquiring an additional 908,558 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in United Airlines by 1,492.8% in the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock valued at $88,557,000 after acquiring an additional 854,759 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Citigroup increased their price target on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. increased their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Barclays set a $140.00 price objective on shares of United Airlines and gave the company an “overweight” rating in a research report on Wednesday, March 12th. Morgan Stanley increased their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Bank of America dropped their price objective on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $114.95.

United Airlines Trading Up 0.3 %

Shares of United Airlines stock opened at $73.92 on Tuesday. The company has a market capitalization of $24.20 billion, a price-to-earnings ratio of 7.84, a PEG ratio of 0.67 and a beta of 1.41. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The firm’s 50-day moving average price is $98.95 and its two-hundred day moving average price is $84.87.

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

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.