United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Position Raised by Calamos Advisors LLC

Calamos Advisors LLC lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 36.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 895,684 shares of the transportation company’s stock after purchasing an additional 240,224 shares during the period. Calamos Advisors LLC owned approximately 0.27% of United Airlines worth $36,956,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Venturi Wealth Management LLC raised its holdings in United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after buying an additional 274 shares during the period. New York Life Investment Management LLC raised its holdings in United Airlines by 0.7% during the 3rd quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock worth $1,943,000 after buying an additional 308 shares during the period. Stifel Financial Corp grew its stake in United Airlines by 0.4% during the 1st quarter. Stifel Financial Corp now owns 73,814 shares of the transportation company’s stock valued at $3,266,000 after acquiring an additional 314 shares in the last quarter. Captrust Financial Advisors grew its stake in United Airlines by 5.3% during the 2nd quarter. Captrust Financial Advisors now owns 6,660 shares of the transportation company’s stock valued at $236,000 after acquiring an additional 334 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in United Airlines by 11.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,736 shares of the transportation company’s stock valued at $158,000 after acquiring an additional 372 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UAL. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $58.00 to $65.00 in a research note on Friday, February 9th. UBS Group began coverage on United Airlines in a research note on Wednesday, March 20th. They set a “neutral” rating and a $47.00 target price on the stock. Bank of America lifted their target price on United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday. Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research note on Tuesday, February 13th. Finally, TD Cowen boosted their price target on United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $66.53.

United Airlines Trading Up 5.5 %

NASDAQ:UAL traded up $2.68 during mid-day trading on Thursday, hitting $51.42. The company had a trading volume of 36,666,963 shares, compared to its average volume of 10,288,866. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $58.23. The business’s fifty day moving average is $44.09 and its two-hundred day moving average is $41.35. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83. The firm has a market cap of $16.91 billion, a P/E ratio of 6.33, a P/E/G ratio of 0.58 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.39. The company had revenue of $13.63 billion for the quarter, compared to analyst estimates of $13.55 billion. United Airlines had a return on equity of 40.50% and a net margin of 4.90%. United Airlines’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 earnings per share. As a group, research analysts expect that United Airlines Holdings, Inc. will post 9.46 earnings per share for the current year.

About United Airlines

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.