Catalyst Funds Management Pty Ltd Acquires Shares of 10,200 United Airlines Holdings, Inc. (NASDAQ:UAL)

Catalyst Funds Management Pty Ltd bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,200 shares of the transportation company’s stock, valued at approximately $990,000.

A number of other large investors have also made changes to their positions in the company. Castle Hook Partners LP lifted its stake in United Airlines by 176.1% in the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after acquiring an additional 2,707,442 shares in the last quarter. Rubric Capital Management LP purchased a new stake in shares of United Airlines in the third quarter worth approximately $63,486,000. Sanders Capital LLC boosted its holdings in shares of United Airlines by 12.4% during the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after purchasing an additional 1,040,589 shares during the period. Charles Schwab Investment Management Inc. grew its position in United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in United Airlines by 1,492.8% in the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock valued at $88,557,000 after buying an additional 854,759 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UAL shares. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Susquehanna reissued a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Bank of America dropped their target price on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley lifted their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. increased their price objective on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $114.95.

United Airlines Stock Performance

UAL opened at $73.67 on Friday. The company has a market cap of $24.12 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The stock has a 50-day moving average of $99.44 and a 200-day moving average of $84.05. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. 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 (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the company posted $2.00 EPS. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share 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.