West Michigan Advisors LLC Boosts Stake in United Airlines Holdings Inc (NASDAQ:UAL)

West Michigan Advisors LLC raised its position in United Airlines Holdings Inc (NASDAQ:UAL) by 64.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 6,513 shares of the transportation company’s stock after purchasing an additional 2,549 shares during the period. West Michigan Advisors LLC’s holdings in United Airlines were worth $450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Capital A Wealth Management LLC bought a new position in shares of United Airlines during the 4th quarter valued at approximately $31,000. Eastern Bank bought a new position in United Airlines in the 1st quarter worth approximately $35,000. CENTRAL TRUST Co boosted its holdings in United Airlines by 57.2% in the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company’s stock worth $56,000 after buying an additional 297 shares during the period. Ameriflex Group Inc. bought a new position in United Airlines in the 4th quarter worth approximately $58,000. Finally, Blume Capital Management Inc. boosted its holdings in United Airlines by 75.5% in the 1st quarter. Blume Capital Management Inc. now owns 930 shares of the transportation company’s stock worth $64,000 after buying an additional 400 shares during the period. 69.69% of the stock is owned by institutional investors.

United Airlines Price Performance

United Airlines stock opened at $87.01 on Tuesday. The firm has a 50-day moving average price of $82.90 and a 200-day moving average price of $82.78. The firm has a market capitalization of $28.17 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 1.09 and a beta of 1.48. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a 12-month low of $37.02 and a 12-month high of $116.00.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same quarter last year, the business posted $4.14 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, equities research analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on UAL shares. UBS Group raised their price target on shares of United Airlines from $103.00 to $114.00 and gave the company a “buy” rating in a report on Tuesday, July 15th. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a report on Tuesday, April 22nd. Cowen restated a “buy” rating on shares of United Airlines in a research report on Tuesday, July 15th. Susquehanna raised their price objective on shares of United Airlines from $81.00 to $109.00 and gave the company a “positive” rating in a research report on Tuesday, July 15th. Finally, Barclays restated an “overweight” rating and set a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, United Airlines currently has an average rating of “Buy” and an average target price of $111.43.

Insider Activity at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the sale, the executive vice president owned 62,358 shares in the company, valued at $5,750,654.76. This trade represents a 24.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michelle Freyre sold 900 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.13, for a total transaction of $82,917.00. Following the transaction, the director directly owned 829 shares in the company, valued at $76,375.77. This trade represents a 52.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 45,672 shares of company stock worth $4,144,411 in the last 90 days. 0.63% of the stock is owned by corporate insiders.

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.