11,300 Shares in United Airlines Holdings Inc $UAL Bought by Maxi Investments CY Ltd

Maxi Investments CY Ltd purchased a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) in the third quarter, HoldingsChannel reports. The institutional investor purchased 11,300 shares of the transportation company’s stock, valued at approximately $1,254,000.

Other hedge funds also recently modified their holdings of the company. Dunhill Financial LLC bought a new stake in shares of United Airlines in the 2nd quarter worth $25,000. Elevation Wealth Partners LLC boosted its stake in United Airlines by 393.0% during the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock valued at $29,000 after buying an additional 169 shares in the last quarter. Trust Co. of Vermont bought a new position in United Airlines during the second quarter valued at about $29,000. Rakuten Securities Inc. bought a new position in United Airlines during the second quarter valued at about $32,000. Finally, NBH Bank acquired a new position in United Airlines during the second quarter worth about $35,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Argus dropped their price target on shares of United Airlines from $140.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. Wells Fargo & Company reduced their price objective on shares of United Airlines from $160.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Sanford C. Bernstein set a $160.00 price objective on shares of United Airlines in a research report on Tuesday, October 20th. Barclays lowered their price objective on shares of United Airlines from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday, September 11th. Finally, UBS Group dropped their target price on shares of United Airlines from $146.00 to $139.00 and set a “buy” rating on the stock in a report on Friday, October 16th. Sixteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.19.

Insider Buying and Selling

In related news, EVP Andrew Nocella sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total transaction of $585,000.00. Following the transaction, the executive vice president directly owned 214,955 shares of the company’s stock, valued at approximately $25,149,735. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.86% of the company’s stock.

United Airlines Trading Up 2.8%

NASDAQ:UAL opened at $100.69 on Tuesday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.68. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77. The stock’s 50-day moving average is $109.16 and its two-hundred day moving average is $108.59. The stock has a market cap of $32.71 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 1.24 and a beta of 1.30.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). The company had revenue of $17.88 billion during the quarter, compared to analysts’ expectations of $17.89 billion. United Airlines had a return on equity of 17.59% and a net margin of 5.46%. United Airlines’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $2.78 earnings per share. As a group, equities research analysts forecast that United Airlines Holdings Inc will post 7.17 earnings per share for the current fiscal year.

About United Airlines

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.