United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 0.6% in the first quarter, HoldingsChannel reports. The firm owned 917,580 shares of the transportation company’s stock after purchasing an additional 5,561 shares during the quarter. SG Americas Securities LLC’s holdings in United Airlines were worth $63,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of United Airlines by 6.1% in the first quarter. GAMMA Investing LLC now owns 5,222 shares of the transportation company’s stock valued at $361,000 after purchasing an additional 300 shares during the period. Pallas Capital Advisors LLC grew its holdings in United Airlines by 71.2% in the 1st quarter. Pallas Capital Advisors LLC now owns 4,931 shares of the transportation company’s stock worth $340,000 after buying an additional 2,050 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in United Airlines by 77.2% in the 1st quarter. Farther Finance Advisors LLC now owns 9,085 shares of the transportation company’s stock worth $620,000 after buying an additional 3,957 shares in the last quarter. Range Financial Group LLC acquired a new stake in United Airlines in the 1st quarter valued at approximately $278,000. Finally, First Citizens Bank & Trust Co. bought a new stake in United Airlines during the 1st quarter valued at $4,871,000. 69.69% of the stock is currently owned by institutional investors.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $83.47 on Tuesday. The company has a market capitalization of $27.26 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.67 and a beta of 1.45. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a fifty day moving average of $72.26 and a 200-day moving average of $87.16. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. As a group, equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UAL. Cowen reissued a “buy” rating on shares of United Airlines in a research note on Tuesday, April 22nd. Susquehanna decreased their target price on shares of United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. UBS Group raised shares of United Airlines from a “neutral” rating to a “buy” rating and raised their target price for the company from $67.00 to $105.00 in a research note on Monday, May 19th. Barclays reduced their price target on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Wall Street Zen lowered shares of United Airlines from a “strong-buy” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $104.64.

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.