 Nisa Investment Advisors LLC increased its stake in  United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 28.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor  owned 23,677 shares of the transportation company’s stock after acquiring an additional 5,181 shares during the period. Nisa Investment Advisors LLC’s holdings in United Airlines were worth $1,885,000 at the end of the most recent reporting period.
Nisa Investment Advisors LLC increased its stake in  United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 28.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor  owned 23,677 shares of the transportation company’s stock after acquiring an additional 5,181 shares during the period. Nisa Investment Advisors LLC’s holdings in United Airlines were worth $1,885,000 at the end of the most recent reporting period. 
Several other hedge funds have also modified their holdings of the stock. Rosenberg Matthew Hamilton raised its stake in shares of United Airlines by 14.2% in the second quarter. Rosenberg Matthew Hamilton now owns 935 shares of the transportation company’s stock valued at $74,000 after acquiring an additional 116 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of United Airlines by 3.3% in the first quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company’s stock valued at $321,000 after acquiring an additional 147 shares in the last quarter. Foster Group Inc. raised its stake in shares of United Airlines by 2.8% in the second quarter. Foster Group Inc. now owns 5,392 shares of the transportation company’s stock valued at $429,000 after acquiring an additional 148 shares in the last quarter. Principal Securities Inc. raised its stake in shares of United Airlines by 2.0% in the first quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company’s stock valued at $536,000 after acquiring an additional 149 shares in the last quarter. Finally, Hemington Wealth Management raised its stake in shares of United Airlines by 50.6% in the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 160 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.
United Airlines Stock Performance
Shares of UAL stock opened at $93.38 on Friday. The stock’s 50-day moving average is $101.39 and its two-hundred day moving average is $88.24. The firm has a market cap of $30.23 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 0.89 and a beta of 1.45. United Airlines Holdings Inc has a 1 year low of $52.00 and a 1 year high of $116.00. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.61 and a current ratio of 0.67.
Insider Activity
In other United Airlines news, Director Barney Harford sold 15,823 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the transaction, the director owned 89,000 shares of the company’s stock, valued at approximately $8,012,670. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kate Gebo sold 29,953 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $97.59, for a total value of $2,923,113.27. Following the transaction, the executive vice president directly owned 45,496 shares in the company, valued at approximately $4,439,954.64. The trade was a 39.70% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 61,119 shares of company stock worth $5,847,907. Corporate insiders own 0.71% of the company’s stock.
Analyst Upgrades and Downgrades
UAL has been the topic of several analyst reports. TD Cowen increased their price objective on United Airlines from $127.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, October 20th. UBS Group dropped their target price on United Airlines from $131.00 to $128.00 and set a “buy” rating on the stock in a report on Friday, October 17th. Susquehanna increased their target price on United Airlines from $109.00 to $115.00 and gave the company a “positive” rating in a report on Friday, October 3rd. Cowen reissued a “buy” rating on shares of United Airlines in a report on Monday, October 20th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $140.00 target price on shares of United Airlines in a report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $124.93.
Check Out Our Latest Stock Analysis on UAL
United Airlines Company Profile
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.
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