United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 422.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 18,776 shares of the transportation company’s stock after buying an additional 15,181 shares during the quarter. United Airlines accounts for approximately 0.2% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 19th biggest position. Counterpoint Mutual Funds LLC’s holdings in United Airlines were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Castle Hook Partners LP lifted its holdings in United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after buying an additional 2,707,442 shares during the last quarter. Rubric Capital Management LP acquired a new position in United Airlines in the third quarter worth $63,486,000. Sanders Capital LLC increased its stake 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 valued at $539,650,000 after purchasing an additional 1,040,589 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of 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 during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 5.4 %

Shares of NASDAQ UAL opened at $73.67 on Monday. The business has a fifty day simple moving average of $99.44 and a 200-day simple moving average of $84.65. The company has a market cap of $24.12 billion, a price-to-earnings ratio of 7.81, a P/E/G ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the company posted $2.00 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. Sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Upgrades and Downgrades

UAL has been the subject of several analyst reports. Barclays set a $140.00 price target on shares of United Airlines and gave the stock an “overweight” rating in a research report on Wednesday. Morgan Stanley raised their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. 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. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Two 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 company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $114.95.

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.