QRG Capital Management Inc. Has $5.43 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

QRG Capital Management Inc. decreased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 42.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 113,353 shares of the transportation company’s stock after selling 82,171 shares during the quarter. QRG Capital Management Inc.’s holdings in United Airlines were worth $5,427,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. grew its holdings in shares of United Airlines by 40.7% in the 1st quarter. Meeder Asset Management Inc. now owns 127,098 shares of the transportation company’s stock worth $6,085,000 after purchasing an additional 36,775 shares during the last quarter. Sei Investments Co. grew its holdings in United Airlines by 8.0% during the 1st quarter. Sei Investments Co. now owns 144,150 shares of the transportation company’s stock worth $6,902,000 after acquiring an additional 10,720 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in United Airlines during the 1st quarter worth about $8,833,000. AIA Group Ltd bought a new stake in United Airlines during the 1st quarter worth about $1,194,000. Finally, Sciencast Management LP grew its holdings in United Airlines by 45.1% during the 1st quarter. Sciencast Management LP now owns 7,711 shares of the transportation company’s stock worth $369,000 after acquiring an additional 2,398 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on UAL shares. Bank of America increased their price objective on shares of United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Susquehanna raised their target price on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, April 18th. Raymond James raised their target price on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. TD Cowen raised their target price on shares of United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Citigroup raised their target price on shares of United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.20.

Insiders Place Their Bets

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

United Airlines Stock Up 0.5 %

UAL stock traded up $0.22 during mid-day trading on Wednesday, hitting $47.29. 2,402,339 shares of the company were exchanged, compared to its average volume of 8,864,813. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. The firm has a market cap of $15.55 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.44 and a beta of 1.44. The firm’s 50 day simple moving average is $50.63 and its 200 day simple moving average is $46.62. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $58.23.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.53) by $0.38. The firm had revenue of $12.54 billion for the quarter, compared to the consensus estimate of $12.43 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 9.97 EPS for the current fiscal year.

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.