Charles Schwab Investment Management Inc. Raises Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Charles Schwab Investment Management Inc. grew its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,114,914 shares of the transportation company’s stock after buying an additional 2,331 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.95% of United Airlines worth $302,458,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. US Bancorp DE lifted its stake in shares of United Airlines by 13.2% in the 3rd quarter. US Bancorp DE now owns 11,961 shares of the transportation company’s stock valued at $682,000 after purchasing an additional 1,391 shares during the last quarter. Farther Finance Advisors LLC lifted its position in United Airlines by 13.0% in the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after buying an additional 189 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in United Airlines during the third quarter worth $194,000. Janney Montgomery Scott LLC increased its position in United Airlines by 1.1% during the third quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company’s stock valued at $1,278,000 after acquiring an additional 248 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in shares of United Airlines by 22.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 6,487 shares of the transportation company’s stock worth $370,000 after acquiring an additional 1,194 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on UAL shares. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Citigroup boosted their price objective on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Susquehanna reiterated a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Barclays upped their price target on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, United Airlines currently has an average rating of “Buy” and an average target price of $113.88.

United Airlines Stock Performance

Shares of UAL opened at $91.27 on Thursday. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock has a fifty day moving average price of $102.34 and a 200-day moving average price of $82.64. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market cap of $29.88 billion, a PE ratio of 9.68, a P/E/G ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share 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 business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the company earned $2.00 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal 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.