United Airlines Holdings, Inc. (NASDAQ:UAL) Position Raised by Senator Investment Group LP

Senator Investment Group LP increased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 214.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,261,051 shares of the transportation company’s stock after buying an additional 2,225,000 shares during the period. United Airlines comprises approximately 9.3% of Senator Investment Group LP’s investment portfolio, making the stock its 2nd biggest holding. Senator Investment Group LP’s holdings in United Airlines were worth $316,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. Sanders Capital LLC raised its holdings in shares of United Airlines by 46.4% during the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock worth $1,344,671,000 after purchasing an additional 4,390,721 shares during the last quarter. Boston Partners purchased a new position in shares of United Airlines during the 4th quarter valued at about $323,508,000. FMR LLC lifted its holdings in shares of United Airlines by 70.9% in the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company’s stock valued at $705,798,000 after buying an additional 3,015,979 shares during the period. Capital World Investors boosted 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 buying an additional 1,791,654 shares during the last quarter. Finally, Norges Bank acquired a new stake in United Airlines during the fourth quarter worth about $170,732,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

UAL has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Evercore ISI cut their price objective on shares of United Airlines from $145.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, April 11th. Raymond James downgraded shares of United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Barclays cut their price target on United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America lowered their price target on United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $101.95.

United Airlines Stock Down 1.0 %

UAL stock opened at $66.30 on Monday. The company has a market cap of $21.73 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.67 and a beta of 1.19. The firm has a 50-day moving average of $79.13 and a two-hundred day moving average of $87.76. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data 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 firm had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, 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.