Capital International Inc. CA Purchases Shares of 4,538 United Airlines Holdings, Inc. (NASDAQ:UAL)

Capital International Inc. CA acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,538 shares of the transportation company’s stock, valued at approximately $217,000.

Several other hedge funds have also modified their holdings of UAL. U S Global Investors Inc. raised its stake in shares of United Airlines by 31.9% during the fourth quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after purchasing an additional 1,005,170 shares during the period. Norges Bank purchased a new position in United Airlines in the 4th quarter valued at about $41,114,000. Dimensional Fund Advisors LP increased its position 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 worth $170,974,000 after acquiring an additional 812,257 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of United Airlines by 751.5% in the 1st quarter. Retirement Systems of Alabama now owns 615,478 shares of the transportation company’s stock valued at $29,469,000 after purchasing an additional 543,195 shares in the last quarter. Finally, Capital International Investors raised its holdings in United Airlines by 2.4% in the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after acquiring an additional 429,501 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Trading Up 1.4 %

Shares of United Airlines stock traded up $0.65 on Friday, reaching $47.37. 5,867,063 shares of the company were exchanged, compared to its average volume of 7,843,813. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $56.17. The firm has a market capitalization of $15.58 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 0.76 and a beta of 1.44. The stock has a fifty day moving average price of $49.53 and a 200-day moving average price of $46.89.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.17. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the firm earned $5.03 earnings per share. On average, analysts expect that United Airlines Holdings, Inc. will post 9.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. StockNews.com upgraded shares of United Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Bank of America increased their price objective on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and lifted their target price for the company from $54.00 to $65.00 in a research note on Wednesday, May 29th. Finally, Susquehanna increased their price target on United Airlines from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.20.

United Airlines Company 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.