Charles Schwab Investment Management Inc. Boosts Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Charles Schwab Investment Management Inc. grew its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 0.1% during the fourth quarter, Holdings Channel reports. The firm owned 3,114,914 shares of the transportation company’s stock after acquiring an additional 2,331 shares during the period. Charles Schwab Investment Management Inc.’s holdings in United Airlines were worth $302,458,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of UAL. State Street Corp boosted its holdings in United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after purchasing an additional 78,470 shares during the last quarter. Sanders Capital LLC grew its holdings in United Airlines by 12.4% during the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after acquiring an additional 1,040,589 shares during the period. Geode Capital Management LLC raised its position in United Airlines by 2.1% during the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after acquiring an additional 168,498 shares in the last quarter. Castle Hook Partners LP lifted its holdings 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 period. Finally, Rubric Capital Management LP acquired a new stake in shares of United Airlines during the 3rd quarter worth approximately $63,486,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Citigroup increased their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. TD Cowen lifted their price target on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Barclays upped their price target on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Raymond James reissued an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Two investment 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 stock. According to MarketBeat, United Airlines currently has a consensus rating of “Buy” and a consensus target price of $113.88.

United Airlines Stock Up 5.9 %

Shares of NASDAQ:UAL opened at $91.27 on Thursday. The firm’s 50-day moving average is $102.34 and its two-hundred day moving average is $82.64. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The firm has a market capitalization of $29.88 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last released its earnings results 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 company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.00 EPS. Analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.