Calamos Advisors LLC Has $36.96 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Calamos Advisors LLC grew its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 36.6% during the fourth quarter, Holdings Channel reports. The firm owned 895,684 shares of the transportation company’s stock after acquiring an additional 240,224 shares during the quarter. Calamos Advisors LLC’s holdings in United Airlines were worth $36,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its stake in United Airlines by 1,026.3% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,976 shares of the transportation company’s stock worth $167,000 after buying an additional 3,623 shares during the period. Rakuten Securities Inc. acquired a new position in United Airlines during the 4th quarter worth approximately $520,000. Mackenzie Financial Corp raised its stake in United Airlines by 47.7% during the 4th quarter. Mackenzie Financial Corp now owns 490,836 shares of the transportation company’s stock worth $20,252,000 after buying an additional 158,563 shares during the period. Lecap Asset Management Ltd. purchased a new stake in shares of United Airlines in the fourth quarter worth approximately $551,000. Finally, Center for Financial Planning Inc. raised its stake in shares of United Airlines by 1,210.0% in the fourth quarter. Center for Financial Planning Inc. now owns 1,310 shares of the transportation company’s stock worth $54,000 after purchasing an additional 1,210 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Performance

NASDAQ UAL traded up $2.68 on Thursday, hitting $51.42. 36,666,963 shares of the stock traded hands, compared to its average volume of 10,288,866. The business’s fifty day moving average is $44.09 and its two-hundred day moving average is $41.35. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $58.23. The firm has a market capitalization of $16.91 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 0.58 and a beta of 1.55. The company has a debt-to-equity ratio of 2.70, a quick ratio of 0.76 and a current ratio of 0.83.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 40.50% and a net margin of 4.90%. The business had revenue of $13.63 billion during the quarter, compared to analyst estimates of $13.55 billion. During the same period in the prior year, the company earned $2.46 earnings per share. United Airlines’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts anticipate that United Airlines Holdings, Inc. will post 9.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UAL. Morgan Stanley increased their price objective on United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research note on Thursday. Raymond James increased their price objective on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group began coverage on United Airlines in a report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 target price for the company. TD Cowen upped their target price on United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Redburn Atlantic lowered United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price for the company. in a report on Tuesday, February 13th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.53.

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.