United Airlines Holdings Inc $UAL Shares Newly Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC purchased a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,449 shares of the transportation company’s stock, valued at approximately $826,000.

Several other hedge funds have also bought and sold shares of UAL. Integrity Alliance LLC. purchased a new position in shares of United Airlines during the third quarter valued at approximately $234,000. Summit Wealth Group LLC Co. boosted its position in shares of United Airlines by 140.2% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 5,572 shares of the transportation company’s stock worth $618,000 after purchasing an additional 3,252 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of United Airlines in the 3rd quarter worth approximately $9,010,000. Vise Technologies Inc. grew its stake in shares of United Airlines by 31.1% in the 3rd quarter. Vise Technologies Inc. now owns 21,487 shares of the transportation company’s stock worth $2,384,000 after buying an additional 5,097 shares during the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of United Airlines by 7,757.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,426,000 shares of the transportation company’s stock worth $158,215,000 after buying an additional 1,407,852 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. TD Cowen reduced their price objective on United Airlines from $192.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of United Airlines in a report on Thursday, October 15th. Susquehanna dropped their target price on United Airlines from $150.00 to $130.00 and set a “positive” rating on the stock in a report on Thursday, October 22nd. Zacks Research cut United Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, September 28th. Finally, Wall Street Zen downgraded United Airlines from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Sixteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, United Airlines has a consensus rating of “Moderate Buy” and a consensus price target of $156.19.

United Airlines Trading Up 8.0%

Shares of NASDAQ UAL opened at $115.76 on Thursday. The firm’s 50 day moving average price is $107.41 and its 200-day moving average price is $108.22. The company has a market cap of $37.61 billion, a PE ratio of 10.59, a P/E/G ratio of 1.37 and a beta of 1.38. United Airlines Holdings Inc has a 52-week low of $84.64 and a 52-week high of $138.77. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.68 and a current ratio of 0.75.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). The firm had revenue of $17.88 billion for the quarter, compared to analysts’ expectations of $17.89 billion. United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.78 EPS. On average, equities research analysts expect that United Airlines Holdings Inc will post 7.10 EPS for the current fiscal year.

Insider Activity at United Airlines

In other United Airlines news, EVP Andrew P. Nocella sold 5,000 shares of United Airlines stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total value of $585,000.00. Following the completion of the sale, the executive vice president owned 214,955 shares of the company’s stock, valued at approximately $25,149,735. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Brett Hart sold 39,000 shares of United Airlines stock in a transaction on Friday, October 30th. The stock was sold at an average price of $102.68, for a total value of $4,004,520.00. Following the completion of the sale, the president directly owned 325,122 shares of the company’s stock, valued at approximately $33,383,526.96. The trade was a 10.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.86% of the company’s stock.

United Airlines Company Profile

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.