Partners Capital Investment Group LLP bought a new position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,470 shares of the transportation company’s stock, valued at approximately $608,000.
Several other institutional investors have also made changes to their positions in the company. Root Financial Partners LLC lifted its position in shares of United Airlines by 5.3% in the 4th quarter. Root Financial Partners LLC now owns 1,840 shares of the transportation company’s stock valued at $206,000 after acquiring an additional 93 shares in the last quarter. AXA S.A. boosted its stake in United Airlines by 0.8% in the 2nd quarter. AXA S.A. now owns 15,465 shares of the transportation company’s stock worth $1,231,000 after purchasing an additional 121 shares during the period. SJS Investment Consulting Inc. grew its position in United Airlines by 17.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 861 shares of the transportation company’s stock worth $79,000 after purchasing an additional 125 shares in the last quarter. Fielder Capital Group LLC grew its position in United Airlines by 5.4% during the 4th quarter. Fielder Capital Group LLC now owns 2,473 shares of the transportation company’s stock worth $276,000 after purchasing an additional 127 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its stake in United Airlines by 3.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 3,914 shares of the transportation company’s stock valued at $360,000 after purchasing an additional 138 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.
United Airlines Trading Up 0.4%
NASDAQ UAL opened at $113.57 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. United Airlines Holdings Inc has a 1-year low of $84.64 and a 1-year high of $138.77. The firm’s fifty day simple moving average is $123.87 and its 200-day simple moving average is $108.57. The company has a market capitalization of $36.86 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28.
Analysts Set New Price Targets
A number of analysts have recently issued reports on UAL shares. Barclays increased their target price on United Airlines from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Sanford C. Bernstein upped their price target on United Airlines from $136.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Wells Fargo & Company increased their price objective on United Airlines from $130.00 to $165.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Jefferies Financial Group restated a “buy” rating and set a $155.00 price objective on shares of United Airlines in a research report on Sunday, July 19th. Finally, Susquehanna lowered their target price on United Airlines from $172.00 to $165.00 and set a “positive” rating on the stock in a research note on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.74.
Check Out Our Latest Stock Analysis on UAL
Insider Transactions at United Airlines
In related news, CEO J Scott Kirby sold 159,321 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $118.05, for a total transaction of $18,807,844.05. Following the transaction, the chief executive officer owned 797,851 shares of the company’s stock, valued at approximately $94,186,310.55. This trade represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Brett J. Hart sold 30,108 shares of United Airlines stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the completion of the sale, the president owned 371,583 shares of the company’s stock, valued at $44,857,499.76. This trade represents a 7.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 266,010 shares of company stock valued at $31,732,909 in the last quarter. Corporate insiders own 0.86% of the company’s stock.
United Airlines Profile
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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