Assenagon Asset Management S.A. Boosts Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Assenagon Asset Management S.A. increased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 1,008.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 271,824 shares of the transportation company’s stock after purchasing an additional 247,312 shares during the period. Assenagon Asset Management S.A. owned 0.08% of United Airlines worth $11,215,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its stake in United Airlines by 7.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 22,619 shares of the transportation company’s stock valued at $1,048,000 after acquiring an additional 1,663 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in United Airlines during the 1st quarter valued at approximately $482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in United Airlines by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,326 shares of the transportation company’s stock valued at $2,009,000 after acquiring an additional 2,683 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in United Airlines by 2.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 72,334 shares of the transportation company’s stock valued at $3,503,000 after acquiring an additional 1,438 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its stake in United Airlines by 81.9% during the 1st quarter. Vontobel Holding Ltd. now owns 14,960 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 6,737 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UAL. Bank of America raised United Airlines from an “underperform” rating to a “buy” rating and increased their target price for the stock from $40.00 to $56.00 in a research note on Tuesday, January 9th. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $58.00 to $65.00 in a research note on Friday, February 9th. TD Cowen increased their target price on United Airlines from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. UBS Group began coverage on United Airlines in a research note on Wednesday, March 20th. They set a “neutral” rating and a $47.00 target price for the company. Finally, StockNews.com downgraded United Airlines from a “hold” rating to a “sell” rating in a research note on Saturday, March 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.93.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $47.88 on Friday. The business’s fifty day moving average price is $43.08 and its two-hundred day moving average price is $41.36. The stock has a market cap of $15.71 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 0.65 and a beta of 1.54. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. United Airlines Holdings, Inc. has a one year low of $33.68 and a one year high of $58.23.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.39. The firm had revenue of $13.63 billion for the quarter, compared to analysts’ expectations of $13.55 billion. United Airlines had a return on equity of 41.01% and a net margin of 4.87%. United Airlines’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.46 EPS. On average, analysts forecast that United Airlines Holdings, Inc. will post 9.72 EPS for the current fiscal year.

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.