UniSuper Management Pty Ltd Has $975,000 Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

UniSuper Management Pty Ltd lifted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1,155.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,363 shares of the transportation company’s stock after buying an additional 18,741 shares during the period. UniSuper Management Pty Ltd’s holdings in United Airlines were worth $975,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of UAL. BNP Paribas acquired a new position in shares of United Airlines during the 1st quarter worth about $25,000. Venturi Wealth Management LLC boosted its position in United Airlines by 72.1% during the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 274 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in United Airlines in the fourth quarter valued at approximately $27,000. Fidelis Capital Partners LLC acquired a new position in shares of United Airlines during the 1st quarter worth approximately $27,000. Finally, GoalVest Advisory LLC acquired a new stake in shares of United Airlines in the 1st quarter valued at approximately $33,000. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Performance

Shares of UAL traded up $1.27 during mid-day trading on Thursday, hitting $47.29. 1,888,443 shares of the company’s stock were exchanged, compared to its average volume of 8,963,070. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07. United Airlines Holdings, Inc. has a 52 week low of $33.68 and a 52 week high of $56.17. The stock’s 50-day simple moving average is $49.85 and its 200-day simple moving average is $46.86. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 5.69, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.17. The firm had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $5.03 EPS. On average, equities research analysts expect that United Airlines Holdings, Inc. will post 9.53 EPS for the current year.

Analyst Upgrades and Downgrades

UAL has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target for the company in a research note on Friday, May 17th. Jefferies Financial Group raised United Airlines from a “hold” rating to a “buy” rating and boosted their price target for the stock from $54.00 to $65.00 in a research report on Wednesday, May 29th. Raymond James upped their price objective on United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. HSBC initiated coverage on United Airlines in a research note on Monday, May 13th. They set a “buy” rating and a $69.20 target price for the company. Finally, Bank of America increased their price target on United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, United Airlines currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.20.

United Airlines 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.