QRG Capital Management Inc. Grows Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

QRG Capital Management Inc. raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,612 shares of the transportation company’s stock after buying an additional 2,485 shares during the period. QRG Capital Management Inc.’s holdings in United Airlines were worth $5,885,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Versor Investments LP increased its stake in United Airlines by 43.4% in the fourth quarter. Versor Investments LP now owns 7,600 shares of the transportation company’s stock valued at $738,000 after acquiring an additional 2,300 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of United Airlines during the 4th quarter valued at about $137,000. Oppenheimer & Co. Inc. bought a new position in shares of United Airlines during the 4th quarter valued at about $267,000. Oppenheimer Asset Management Inc. purchased a new position in shares of United Airlines during the 4th quarter valued at about $1,001,000. Finally, New York Life Investment Management LLC lifted its position in United Airlines by 0.8% in the 4th quarter. New York Life Investment Management LLC now owns 43,145 shares of the transportation company’s stock worth $4,189,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

UAL has been the topic of several research reports. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of United Airlines in a research note on Friday, November 15th. UBS Group lifted their target price on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Citigroup boosted their price target on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. TD Cowen raised their price objective on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, Susquehanna reissued a “hold” rating on shares of United Airlines in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, United Airlines presently has a consensus rating of “Buy” and an average target price of $113.88.

United Airlines Price Performance

Shares of UAL stock opened at $93.81 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The firm has a market cap of $30.85 billion, a P/E ratio of 9.95, a P/E/G ratio of 0.67 and a beta of 1.43. The business’s 50 day moving average price is $103.00 and its 200-day moving average price is $81.35.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the business posted $2.00 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

United Airlines 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.