Todd Asset Management LLC Buys 91,183 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Todd Asset Management LLC raised its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 23.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 475,806 shares of the transportation company’s stock after buying an additional 91,183 shares during the quarter. Todd Asset Management LLC’s holdings in United Airlines were worth $19,632,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. JB Capital LLC purchased a new position in United Airlines in the 4th quarter worth about $201,000. NWI Management LP lifted its position in United Airlines by 69.6% during the third quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock valued at $8,249,000 after purchasing an additional 80,000 shares during the period. Duality Advisers LP bought a new stake in United Airlines in the 4th quarter worth approximately $1,443,000. International Assets Investment Management LLC grew its position in United Airlines by 3,636.1% in the 4th quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock worth $3,393,000 after purchasing an additional 80,030 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in United Airlines by 43.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock valued at $12,197,000 after buying an additional 89,106 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Kate Gebo sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the transaction, the executive vice president now owns 57,512 shares in the company, valued at $2,925,060.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on UAL shares. StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Bank of America upped their target price on shares of United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Raymond James lifted their price target on shares of United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Susquehanna upped their price objective on United Airlines from $55.00 to $60.00 and gave the stock a “positive” rating in a research note on Thursday, April 18th. Finally, Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $58.00 to $65.00 in a research report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, United Airlines currently has a consensus rating of “Moderate Buy” and an average price target of $66.53.

United Airlines Price Performance

Shares of UAL stock traded down $0.03 during mid-day trading on Friday, hitting $51.65. The company had a trading volume of 7,315,511 shares, compared to its average volume of 14,607,024. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69. The stock’s 50 day moving average price is $46.20 and its 200-day moving average price is $42.25. United Airlines Holdings, Inc. has a 52-week low of $33.68 and a 52-week high of $58.23. The company has a market capitalization of $16.98 billion, a P/E ratio of 6.38, a P/E/G ratio of 0.51 and a beta of 1.49.

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.