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US Bancorp DE lowered its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 6.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,094 shares of the transportation company’s stock after selling 3,234 shares during the quarter. US Bancorp DE’s holdings in United Airlines were worth $1,597,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Money Concepts Capital Corp grew its holdings in United Airlines by 524.5% in the 3rd quarter. Money Concepts Capital Corp now owns 6,051 shares of the transportation company’s stock valued at $197,000 after buying an additional 5,082 shares during the last quarter. Western Pacific Wealth Management LP acquired a new stake in shares of United Airlines during the 3rd quarter worth approximately $27,000. CWM LLC grew its holdings in shares of United Airlines by 9.2% during the 3rd quarter. CWM LLC now owns 6,687 shares of the transportation company’s stock worth $218,000 after purchasing an additional 561 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of United Airlines during the 3rd quarter worth approximately $5,164,000. Finally, Veriti Management LLC acquired a new stake in shares of United Airlines during the 3rd quarter worth approximately $216,000. Institutional investors and hedge funds own 59.73% of the company’s stock.
United Airlines Trading Up 0.7 %
Shares of UAL opened at $51.65 on Tuesday. The stock has a fifty day moving average price of $42.48 and a two-hundred day moving average price of $39.21. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.98 and a current ratio of 1.03. United Airlines Holdings, Inc. has a 52-week low of $30.54 and a 52-week high of $53.12. The company has a market cap of $16.88 billion, a price-to-earnings ratio of -21.79 and a beta of 1.35.
United Airlines (NASDAQ:UAL – Get Rating) last issued its quarterly earnings data on Tuesday, October 18th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.60. The firm had revenue of $12.88 billion during the quarter, compared to the consensus estimate of $12.74 billion. United Airlines had a negative return on equity of 11.42% and a negative net margin of 1.85%. The business’s revenue for the quarter was up 66.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.02) EPS. Analysts predict that United Airlines Holdings, Inc. will post 2.11 EPS for the current fiscal year.
Insider Transactions at United Airlines
In other news, Director James A. C. Kennedy bought 2,000 shares of the company’s stock in a transaction dated Wednesday, December 14th. The stock was bought at an average price of $39.72 per share, for a total transaction of $79,440.00. Following the completion of the transaction, the director now directly owns 16,596 shares in the company, valued at approximately $659,193.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Gregory L. Hart sold 30,000 shares of the business’s stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $39.54, for a total transaction of $1,186,200.00. Following the completion of the sale, the executive vice president now owns 25,258 shares in the company, valued at $998,701.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James A. C. Kennedy acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The shares were bought at an average cost of $39.72 per share, with a total value of $79,440.00. Following the completion of the purchase, the director now owns 16,596 shares of the company’s stock, valued at $659,193.12. The disclosure for this purchase can be found here. 0.37% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
UAL has been the topic of several recent research reports. The Goldman Sachs Group initiated coverage on United Airlines in a report on Friday, December 16th. They set a “buy” rating and a $51.00 price objective on the stock. Bank of America lifted their price objective on United Airlines from $35.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday, October 20th. Cowen decreased their price objective on United Airlines to $65.00 in a report on Thursday, October 20th. Citigroup lifted their price objective on United Airlines from $56.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, October 21st. Finally, TheStreet upgraded United Airlines from a “d+” rating to a “c-” rating in a research report on Tuesday, September 20th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $52.15.
About United Airlines
(Get Rating)
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, training, and maintenance services for third parties.
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