Corebridge Financial Inc. Purchases 1,705 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Corebridge Financial Inc. boosted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,339 shares of the transportation company’s stock after acquiring an additional 1,705 shares during the quarter. Corebridge Financial Inc.’s holdings in United Airlines were worth $8,092,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Jackson Hole Trust bought a new position in shares of United Airlines in the 4th quarter valued at $25,000. Hemington Wealth Management grew its position in United Airlines by 70.8% in the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 131 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in United Airlines during the fourth quarter worth about $32,000. Roxbury Financial LLC bought a new position in shares of United Airlines in the fourth quarter worth about $32,000. Finally, Bell Investment Advisors Inc boosted its stake in shares of United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 135 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Trading Down 5.6 %

NASDAQ:UAL opened at $73.53 on Friday. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The firm’s fifty day moving average is $94.27 and its 200-day moving average is $86.03. The firm has a market cap of $24.07 billion, a P/E ratio of 7.80, a P/E/G ratio of 0.67 and a beta of 1.41. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the firm posted $2.00 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on UAL. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Susquehanna reissued a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Barclays set a $140.00 target price on United Airlines and gave the stock an “overweight” rating in a report on Wednesday, March 12th. Morgan Stanley lifted their price target on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, UBS Group lowered their price objective on United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $112.75.

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.