Evolve Private Wealth LLC bought a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 38,525 shares of the transportation company’s stock, valued at approximately $4,308,000.
A number of other large investors have also modified their holdings of the business. Engineers Gate Manager LP raised its holdings in United Airlines by 405.4% in the 4th quarter. Engineers Gate Manager LP now owns 336,906 shares of the transportation company’s stock valued at $37,673,000 after acquiring an additional 270,246 shares during the last quarter. Caption Management LLC boosted its stake in United Airlines by 10.4% during the fourth quarter. Caption Management LLC now owns 96,800 shares of the transportation company’s stock worth $10,824,000 after buying an additional 9,100 shares during the last quarter. Concentric Capital Strategies LP purchased a new stake in United Airlines in the 4th quarter valued at $3,621,000. Avala Global LP increased its stake in shares of United Airlines by 40.0% in the 4th quarter. Avala Global LP now owns 1,077,749 shares of the transportation company’s stock worth $120,514,000 after acquiring an additional 307,700 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in shares of United Airlines by 172.7% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 28,018 shares of the transportation company’s stock worth $3,132,000 after acquiring an additional 17,745 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.
United Airlines Stock Down 2.3%
Shares of UAL opened at $115.83 on Thursday. The company’s 50-day moving average price is $100.61 and its 200 day moving average price is $103.88. United Airlines Holdings Inc has a 12-month low of $71.55 and a 12-month high of $124.79. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 1.38. The firm has a market cap of $37.59 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 0.98 and a beta of 1.27.
Insider Activity at United Airlines
In related news, EVP Kate Gebo sold 5,331 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $105.51, for a total value of $562,473.81. Following the sale, the executive vice president owned 60,393 shares in the company, valued at approximately $6,372,065.43. The trade was a 8.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO J Scott Kirby sold 1,078 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $120.74, for a total value of $130,157.72. Following the transaction, the chief executive officer owned 797,851 shares of the company’s stock, valued at $96,332,529.74. This trade represents a 0.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 96,381 shares of company stock worth $10,837,575. Insiders own 0.86% of the company’s stock.
Analyst Ratings Changes
Several research firms recently issued reports on UAL. UBS Group raised their price objective on shares of United Airlines from $139.00 to $148.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Citigroup decreased their target price on shares of United Airlines from $155.00 to $132.00 and set a “buy” rating on the stock in a report on Friday, March 20th. Rothschild & Co Redburn dropped their price target on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. TD Cowen upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. Finally, Zacks Research raised shares of United Airlines from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and a consensus target price of $134.59.
Read Our Latest Report on United Airlines
United Airlines Company 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.
Featured Articles
- Five stocks we like better than United Airlines
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL – Free Report).
Receive News & Ratings for United Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Airlines and related companies with MarketBeat.com's FREE daily email newsletter.
