American Century Companies Inc. Increases Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

American Century Companies Inc. grew its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 602,958 shares of the transportation company’s stock after purchasing an additional 52,799 shares during the quarter. American Century Companies Inc. owned approximately 0.18% of United Airlines worth $58,547,000 as of its most recent filing with the Securities & Exchange Commission.

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

United Airlines Stock Performance

United Airlines stock opened at $78.90 on Wednesday. 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 Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company’s 50-day moving average price is $95.46 and its 200-day moving average price is $86.18. The company has a market cap of $25.83 billion, a PE ratio of 8.37, 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 for the quarter, beating the consensus estimate of $2.96 by $0.30. The firm had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 EPS. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Barclays set a $140.00 price target on United Airlines and gave the company an “overweight” rating in a report on Wednesday, March 12th. Raymond James reiterated 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. Finally, Morgan Stanley boosted their price target on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus 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.