Handelsbanken Fonder AB Has $4 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Handelsbanken Fonder AB grew its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,964 shares of the transportation company’s stock after buying an additional 1,180 shares during the quarter. Handelsbanken Fonder AB’s holdings in United Airlines were worth $4,001,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in UAL. NBC Securities Inc. acquired a new position in shares of United Airlines in the 3rd quarter valued at $25,000. Loomis Sayles & Co. L P grew its holdings in shares of United Airlines by 707.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after purchasing an additional 545 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of United Airlines by 72.1% in the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after purchasing an additional 274 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of United Airlines in the 4th quarter worth about $27,000. Finally, Clear Street Markets LLC grew its holdings in shares of United Airlines by 116.8% in the 3rd quarter. Clear Street Markets LLC now owns 930 shares of the transportation company’s stock worth $39,000 after purchasing an additional 501 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a report on Wednesday. Evercore ISI raised shares of United Airlines from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Redburn Atlantic lowered shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Tuesday, February 13th. Morgan Stanley upped their target price on shares of United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Finally, TD Cowen increased their price objective on shares of United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and a consensus target price of $66.53.

United Airlines Stock Up 1.6 %

Shares of NASDAQ UAL opened at $53.51 on Friday. The firm has a market capitalization of $17.59 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 0.52 and a beta of 1.55. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $58.23. The firm’s 50-day moving average is $45.34 and its 200-day moving average is $41.83.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.39. The company had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $2.46 EPS. Equities analysts expect that United Airlines Holdings, Inc. will post 9.91 EPS for the current year.

Insider Activity

In other news, EVP Kate Gebo sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the transaction, the executive vice president now owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.63% of the company’s stock.

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.