Groupama Asset Managment Purchases 10,074 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Groupama Asset Managment raised its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 876.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,224 shares of the transportation company’s stock after purchasing an additional 10,074 shares during the period. Groupama Asset Managment’s holdings in United Airlines were worth $1,102,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Boston Partners bought a new stake in shares of United Airlines in the 4th quarter valued at $323,508,000. Norges Bank acquired a new stake in shares of United Airlines during the fourth quarter worth about $170,732,000. Prudential Financial Inc. lifted its holdings in shares of United Airlines by 310.2% during the 4th quarter. Prudential Financial Inc. now owns 1,163,709 shares of the transportation company’s stock valued at $112,996,000 after purchasing an additional 879,992 shares in the last quarter. SG Americas Securities LLC increased its stake in United Airlines by 1,492.8% during the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock worth $88,557,000 after purchasing an additional 854,759 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in United Airlines by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock worth $3,548,797,000 after buying an additional 369,500 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $71.37 on Thursday. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock has a 50 day moving average of $91.18 and a 200-day moving average of $86.87. 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 company has a market capitalization of $23.36 billion, a P/E ratio of 7.57, a P/E/G ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.00 earnings per share. As a group, equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UAL. Barclays set a $140.00 price objective on shares of United Airlines and gave the stock an “overweight” rating in a research report on Wednesday, March 12th. UBS Group dropped their price target on United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Jefferies Financial Group reduced their price objective on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Finally, Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $111.75.

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.