Total Investment Management Inc. Grows Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Total Investment Management Inc. increased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,024 shares of the transportation company’s stock after purchasing an additional 766 shares during the quarter. Total Investment Management Inc.’s holdings in United Airlines were worth $767,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UAL. U S Global Investors Inc. boosted its position in United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after buying an additional 1,005,170 shares during the last quarter. Norges Bank bought a new stake in United Airlines in the fourth quarter valued at $41,114,000. Dimensional Fund Advisors LP boosted its holdings in shares of United Airlines by 24.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock valued at $170,974,000 after acquiring an additional 812,257 shares during the period. Pinebridge Investments L.P. grew its position in shares of United Airlines by 219.0% during the fourth quarter. Pinebridge Investments L.P. now owns 600,684 shares of the transportation company’s stock worth $24,784,000 after acquiring an additional 412,397 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of United Airlines by 1,301.2% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 412,112 shares of the transportation company’s stock worth $17,432,000 after acquiring an additional 382,700 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Price Performance

Shares of NASDAQ UAL traded up $0.46 during mid-day trading on Friday, reaching $48.66. The company had a trading volume of 5,293,882 shares, compared to its average volume of 6,430,475. The company has a 50-day moving average price of $52.00 and a two-hundred day moving average price of $46.16. The stock has a market cap of $16.00 billion, a PE ratio of 6.01, a P/E/G ratio of 0.48 and a beta of 1.47. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $58.23.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.38. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.43 billion. On average, equities analysts anticipate that United Airlines Holdings, Inc. will post 9.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on UAL. Citigroup upped their target price on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Bank of America lifted their target price on United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. StockNews.com raised United Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Friday, May 17th. Finally, HSBC started coverage on shares of United Airlines in a research report on Monday, May 13th. They issued a “buy” rating and a $69.20 target price for the company. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.89.

Insider Activity at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the sale, the executive vice president now owns 57,512 shares of the company’s stock, valued at $2,925,060.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.63% of the stock is owned by insiders.

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.