CIBC Asset Management Inc Increases Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

CIBC Asset Management Inc raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,120 shares of the transportation company’s stock after purchasing an additional 2,164 shares during the quarter. CIBC Asset Management Inc’s holdings in United Airlines were worth $4,867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its stake in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after purchasing an additional 78,470 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of United Airlines by 41.2% in 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 buying an additional 908,558 shares in the last quarter. MidWestOne Financial Group Inc. boosted its stake in shares of United Airlines by 28.0% in the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after buying an additional 11,743 shares in the last quarter. KBC Group NV purchased a new stake in shares of United Airlines in the fourth quarter valued at approximately $485,000. Finally, Aigen Investment Management LP boosted its stake in shares of United Airlines by 87.2% in the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock valued at $1,079,000 after buying an additional 8,808 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UAL has been the topic of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price target on shares of United Airlines in a research note on Friday, November 15th. Raymond James restated an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. UBS Group lifted their price target on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, Susquehanna lifted their price objective on United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, United Airlines presently has an average rating of “Buy” and a consensus target price of $113.88.

Insider Activity at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.63% of the company’s stock.

United Airlines Stock Performance

NASDAQ UAL opened at $106.51 on Thursday. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The stock has a market cap of $35.03 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43. The business has a fifty day moving average of $102.64 and a 200-day moving average of $78.67. 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 (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 earnings per share. As a group, analysts predict 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.