5 Best Airline Stocks To Buy Now

3. United Airlines Holdings, Inc. (NYSE:UAL)

Number of Hedge Fund Holders: 31

United Airlines Holdings, Inc. (NASDAQ:UAL) provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. On April 20, the company announced earnings for the fiscal first quarter of 2022. The company reported a loss per share of $4.24 and missed EPS estimates by $0.02. However, the company’s quarterly revenue came in at $7.57 billion, up 134.90% year over year, missing expectations by $110.28 million.  

Regardless of reporting a weak quarter, United Airlines Holdings, Inc. (NASDAQ:UAL) is making efforts in the airline industry which makes it one of the best airline stocks to buy now. This June, the company reportedly allocated $100 million to fund the expansion of a pilot training center in Denver. The company expects to add roughly 2,000 pilots this year. 

Analysts are bullish on United Airlines Holdings, Inc. (NASDAQ:UAL). This April, Citi analyst Stephen Trent raised his price target on United Airlines Holdings, Inc. (NASDAQ:UAL) to $71 from $58 and maintained a Buy rating on the shares. 

By the end of the first quarter of 2022, 31 hedge funds held stakes in United Airlines Holdings, Inc. (NASDAQ:UAL) worth $510.80 million. This is compared to 35 hedge funds in the prior quarter with stakes worth $431.28 million.

As of March 31, 2022, PAR Capital Management is the top shareholder in United Airlines Holdings, Inc. (NASDAQ:UAL) owning 3.1 million shares of the company. The total stakes of the fund were valued at $143.71 million, which covers 3.43% of its investment portfolio.