Corebridge Financial Inc. Has $8.09 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Corebridge Financial Inc. grew its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 83,339 shares of the transportation company’s stock after buying an additional 1,705 shares during the quarter. Corebridge Financial Inc.’s holdings in United Airlines were worth $8,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of Jackson Hole Trust bought a new stake in United Airlines in the 4th quarter valued at about $25,000. Hemington Wealth Management increased its holdings in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of United Airlines during the fourth quarter worth approximately $32,000. Whipplewood Advisors LLC acquired a new stake in United Airlines in the 4th quarter valued at $32,000. Finally, Bell Investment Advisors Inc grew its holdings in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after buying an additional 135 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Down 5.6 %

Shares of UAL stock opened at $73.53 on Friday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company’s fifty day simple moving average is $94.27 and its two-hundred day simple moving average is $86.03. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. The stock has a market capitalization of $24.07 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data 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. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the firm posted $2.00 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

UAL has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Raymond James reissued an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, TD Cowen boosted their price objective on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, United Airlines has a consensus rating of “Buy” and an average target price of $112.75.

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.