United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Purchased by Versor Investments LP

Versor Investments LP increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 43.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,600 shares of the transportation company’s stock after purchasing an additional 2,300 shares during the period. Versor Investments LP’s holdings in United Airlines were worth $738,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of UAL. Castle Hook Partners LP raised its holdings in United Airlines by 176.1% in the 3rd 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 last quarter. Rubric Capital Management LP acquired a new stake in United Airlines in the 3rd quarter valued at about $63,486,000. Sanders Capital LLC raised its holdings in United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after acquiring an additional 1,040,589 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after acquiring an additional 908,558 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in United Airlines by 1,492.8% in the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock valued at $88,557,000 after acquiring an additional 854,759 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Performance

NASDAQ:UAL opened at $93.81 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The stock has a market capitalization of $30.85 billion, a P/E ratio of 9.95, a PEG ratio of 0.67 and a beta of 1.43. The company has a 50 day moving average price of $103.00 and a 200 day moving average price of $81.35.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating 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 quarter last year, the company posted $2.00 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analysts Set New Price Targets

UAL has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. TD Cowen increased their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Susquehanna reissued a “hold” rating on shares of United Airlines in a research note on Tuesday. Citigroup increased their price target on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $113.88.

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.