United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Acquired by Meeder Asset Management Inc.

Meeder Asset Management Inc. increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 40.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 127,098 shares of the transportation company’s stock after acquiring an additional 36,775 shares during the period. Meeder Asset Management Inc.’s holdings in United Airlines were worth $6,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sei Investments Co. boosted its position in United Airlines by 8.0% in the 1st quarter. Sei Investments Co. now owns 144,150 shares of the transportation company’s stock valued at $6,902,000 after buying an additional 10,720 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in United Airlines during the 1st quarter valued at approximately $8,833,000. AIA Group Ltd purchased a new stake in United Airlines during the 1st quarter worth approximately $1,194,000. Sciencast Management LP raised its position in shares of United Airlines by 45.1% in the 1st quarter. Sciencast Management LP now owns 7,711 shares of the transportation company’s stock valued at $369,000 after purchasing an additional 2,398 shares in the last quarter. Finally, Empirical Finance LLC boosted its stake in shares of United Airlines by 1.8% during the 1st quarter. Empirical Finance LLC now owns 22,348 shares of the transportation company’s stock valued at $1,070,000 after buying an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of UAL traded down $0.40 during mid-day trading on Monday, reaching $44.32. 6,293,754 shares of the company’s stock traded hands, compared to its average volume of 8,905,829. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $58.23. The stock has a market capitalization of $14.57 billion, a P/E ratio of 5.48, a price-to-earnings-growth ratio of 0.44 and a beta of 1.44. The business’s 50-day moving average price is $50.74 and its 200-day moving average price is $46.58. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.38. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The company had revenue of $12.54 billion during the quarter, compared to analyst estimates of $12.43 billion. Equities analysts predict that United Airlines Holdings, Inc. will post 9.97 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Kate Gebo sold 15,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the transaction, the executive vice president now directly owns 57,512 shares in the company, valued at $2,925,060.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on UAL shares. StockNews.com upgraded shares of United Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Jefferies Financial Group upgraded United Airlines from a “hold” rating to a “buy” rating and lifted their price target for the stock from $54.00 to $65.00 in a research note on Wednesday, May 29th. Citigroup upped their price objective on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Morgan Stanley lifted their target price on United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Finally, Wolfe Research raised United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research report on Friday, May 17th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.26.

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.