Groupama Asset Managment Has $1.10 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Groupama Asset Managment grew its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 876.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,224 shares of the transportation company’s stock after purchasing an additional 10,074 shares during the period. Groupama Asset Managment’s holdings in United Airlines were worth $1,102,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in United Airlines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock worth $3,548,797,000 after purchasing an additional 369,500 shares during the period. State Street Corp boosted its position in shares of United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after acquiring an additional 78,470 shares in the last quarter. Geode Capital Management LLC increased its stake in United Airlines by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company’s stock valued at $840,533,000 after acquiring an additional 243,535 shares during the period. Boston Partners acquired a new position in United Airlines in the fourth quarter worth about $323,508,000. Finally, Norges Bank bought a new position in United Airlines during the fourth quarter worth about $170,732,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of UAL stock opened at $71.37 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The firm has a market cap of $23.36 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.67 and a beta of 1.41. The stock has a 50-day moving average price of $91.18 and a 200 day moving average price of $86.87.

United Airlines (NASDAQ:UAL) last issued 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 company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the company earned $2.00 EPS. United Airlines’s revenue was up 7.8% on a year-over-year basis. Research analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UAL. Barclays set a $140.00 target price on United Airlines and gave the stock an “overweight” rating in a report on Wednesday, March 12th. UBS Group reduced their target price on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Susquehanna reiterated a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Morgan Stanley boosted their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group dropped their price objective on shares of United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.75.

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.