GMT Capital Corp raised its position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 12.9% during the second quarter, HoldingsChannel.com reports. The firm owned 1,201,000 shares of the transportation company’s stock after buying an additional 136,800 shares during the quarter. United Airlines makes up approximately 4.0% of GMT Capital Corp’s holdings, making the stock its 9th largest holding. GMT Capital Corp’s holdings in United Airlines were worth $95,636,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of UAL. WPG Advisers LLC bought a new position in United Airlines during the first quarter valued at approximately $32,000. Banque Transatlantique SA acquired a new position in shares of United Airlines during the 1st quarter worth $35,000. Strategic Investment Solutions Inc. IL increased its stake in shares of United Airlines by 44.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company’s stock worth $46,000 after purchasing an additional 177 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of United Airlines by 15,100.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 608 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 604 shares in the last quarter. Finally, Evermay Wealth Management LLC lifted its stake in shares of United Airlines by 454.5% in the 2nd quarter. Evermay Wealth Management LLC now owns 610 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 500 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.
United Airlines Stock Performance
Shares of NASDAQ UAL opened at $106.84 on Friday. United Airlines Holdings Inc has a 12 month low of $52.00 and a 12 month high of $116.00. The company has a market cap of $34.59 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.02 and a beta of 1.30. The business’s 50 day moving average is $98.71 and its two-hundred day moving average is $93.91. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.45.
Analyst Ratings Changes
Several equities analysts have commented on UAL shares. Morgan Stanley reissued an “overweight” rating and set a $140.00 target price on shares of United Airlines in a research report on Friday, October 17th. Citigroup began coverage on United Airlines in a report on Thursday, December 4th. They set a “buy” rating and a $132.00 price objective on the stock. UBS Group initiated coverage on United Airlines in a report on Friday. They issued a “buy” rating and a $142.00 target price for the company. Jefferies Financial Group increased their price target on United Airlines from $115.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of United Airlines from $149.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and a consensus price target of $127.07.
Get Our Latest Stock Report on United Airlines
Insider Transactions at United Airlines
In related news, CEO J Scott Kirby sold 120,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $107.86, for a total transaction of $12,943,200.00. Following the transaction, the chief executive officer directly owned 666,535 shares in the company, valued at $71,892,465.10. The trade was a 15.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.71% 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.
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