Renaissance Technologies LLC Buys 14,562 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Renaissance Technologies LLC grew its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,421,758 shares of the transportation company’s stock after acquiring an additional 14,562 shares during the period. Renaissance Technologies LLC owned about 0.43% of United Airlines worth $138,053,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Proficio Capital Partners LLC purchased a new stake in United Airlines during the fourth quarter valued at about $137,000. Longbow Finance SA purchased a new stake in shares of United Airlines during the 4th quarter valued at approximately $9,359,000. MidWestOne Financial Group Inc. boosted its holdings in United Airlines by 28.0% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock worth $3,064,000 after buying an additional 11,743 shares during the period. KBC Group NV purchased a new position in United Airlines in the 4th quarter valued at approximately $485,000. Finally, Bleakley Financial Group LLC raised its holdings in United Airlines by 293.7% during the 4th quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company’s stock valued at $2,278,000 after acquiring an additional 17,499 shares during the period. Institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UAL shares. JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. Raymond James lowered United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Susquehanna lowered their price target on shares of United Airlines from $130.00 to $90.00 and set a “positive” rating on the stock in a report on Monday. Jefferies Financial Group reduced their price objective on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. Finally, Bank of America lowered their target price on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.15.

United Airlines Price Performance

Shares of United Airlines stock opened at $56.15 on Wednesday. The business’s 50-day moving average price is $86.37 and its 200-day moving average price is $87.06. The firm has a market capitalization of $18.38 billion, a PE ratio of 5.95, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping 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 firm had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the firm posted $2.00 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. Sell-side analysts forecast that United Airlines Holdings, Inc. will post 12.96 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.