Todd Asset Management LLC Has $19.63 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Todd Asset Management LLC increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 23.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 475,806 shares of the transportation company’s stock after buying an additional 91,183 shares during the period. Todd Asset Management LLC owned 0.15% of United Airlines worth $19,632,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its stake in shares of United Airlines by 0.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 149,580 shares of the transportation company’s stock valued at $6,327,000 after buying an additional 746 shares during the period. Xponance Inc. grew its position in shares of United Airlines by 2.8% during the 3rd quarter. Xponance Inc. now owns 43,363 shares of the transportation company’s stock worth $1,834,000 after buying an additional 1,199 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of United Airlines by 54.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 61,228 shares of the transportation company’s stock worth $2,590,000 after buying an additional 21,599 shares during the last quarter. Independent Advisor Alliance grew its holdings in United Airlines by 28.7% during the 3rd quarter. Independent Advisor Alliance now owns 6,176 shares of the transportation company’s stock worth $261,000 after acquiring an additional 1,378 shares during the period. Finally, Calamos Wealth Management LLC grew its stake in shares of United Airlines by 67.7% during the third quarter. Calamos Wealth Management LLC now owns 133,100 shares of the transportation company’s stock worth $5,630,000 after purchasing an additional 53,743 shares during the period. Institutional investors own 69.69% of the company’s stock.

Insider Activity

In other news, EVP Kate Gebo sold 15,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the transaction, the executive vice president now owns 57,512 shares in the company, valued at $2,925,060.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UAL. Susquehanna boosted their target price on United Airlines from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, April 18th. Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $58.00 to $65.00 in a research note on Friday, February 9th. TD Cowen boosted their target price on United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Raymond James raised their price target on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, UBS Group initiated coverage on United Airlines in a research note on Wednesday, March 20th. They set a “neutral” rating and a $47.00 target price for the company. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, United Airlines has an average rating of “Moderate Buy” and an average target price of $66.53.

United Airlines Stock Performance

Shares of UAL stock traded down $0.03 during trading on Friday, reaching $51.65. 7,315,511 shares of the company’s stock were exchanged, compared to its average volume of 14,607,024. The firm’s fifty day moving average price is $46.20 and its 200-day moving average price is $42.25. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23. The stock has a market capitalization of $16.98 billion, a PE ratio of 6.38, a PEG ratio of 0.51 and a beta of 1.49. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52.

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.