Blair William & Co. IL lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 12.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,937 shares of the transportation company’s stock after buying an additional 1,698 shares during the period. Blair William & Co. IL’s holdings in United Airlines were worth $519,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. First Trust Advisors LP lifted its stake in shares of United Airlines by 68.2% in the 3rd quarter. First Trust Advisors LP now owns 921,079 shares of the transportation company’s stock valued at $32,007,000 after purchasing an additional 373,376 shares during the period. Commonwealth Equity Services LLC grew its position in shares of United Airlines by 352.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 443,630 shares of the transportation company’s stock worth $15,416,000 after buying an additional 345,655 shares during the period. American International Group Inc. increased its stake in shares of United Airlines by 9.4% in the 3rd quarter. American International Group Inc. now owns 107,071 shares of the transportation company’s stock worth $3,721,000 after acquiring an additional 9,186 shares in the last quarter. Sawtooth Solutions LLC lifted its position in United Airlines by 63.0% during the 3rd quarter. Sawtooth Solutions LLC now owns 61,028 shares of the transportation company’s stock valued at $2,121,000 after acquiring an additional 23,598 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in United Airlines by 6.8% during the third quarter. Treasurer of the State of North Carolina now owns 130,408 shares of the transportation company’s stock worth $4,532,000 after acquiring an additional 8,250 shares in the last quarter. 60.61% of the stock is owned by institutional investors.

Shares of UAL opened at $39.90 on Friday. The firm has a fifty day simple moving average of $36.33 and a two-hundred day simple moving average of $34.12. The firm has a market cap of $11.61 billion, a PE ratio of -2.43 and a beta of 1.51. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 3.22. United Airlines Holdings, Inc. has a 1-year low of $17.80 and a 1-year high of $93.67.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, October 14th. The transportation company reported ($8.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($7.63) by ($0.53). United Airlines had a negative return on equity of 54.29% and a negative net margin of 19.85%. The firm had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period in the previous year, the firm earned $4.07 EPS. The business’s revenue was down 78.1% on a year-over-year basis. As a group, research analysts forecast that United Airlines Holdings, Inc. will post -25.98 EPS for the current fiscal year.

In other news, Chairman Oscar Munoz sold 115,227 shares of the business’s stock in a transaction on Friday, November 20th. The shares were sold at an average price of $40.24, for a total transaction of $4,636,734.48. Following the completion of the sale, the chairman now owns 135,713 shares of the company’s stock, valued at approximately $5,461,091.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Linda P. Jojo sold 20,000 shares of the company’s stock in a transaction on Friday, November 20th. The stock was sold at an average price of $40.00, for a total value of $800,000.00. Following the completion of the sale, the executive vice president now owns 8,743 shares of the company’s stock, valued at $349,720. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,533 shares of company stock valued at $7,980,440. Corporate insiders own 0.40% of the company’s stock.

Several research firms have recently issued reports on UAL. JPMorgan Chase & Co. upgraded shares of United Airlines from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $44.00 to $52.00 in a report on Wednesday, October 7th. Citigroup dropped their target price on United Airlines from $47.00 to $43.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Morgan Stanley reduced their price target on United Airlines from $38.00 to $37.00 and set an “underweight” rating for the company in a report on Friday, October 16th. Exane BNP Paribas initiated coverage on United Airlines in a research report on Friday, November 13th. They issued an “underperform” rating and a $32.00 price target for the company. Finally, BNP Paribas assumed coverage on shares of United Airlines in a research report on Friday, November 13th. They set an “underperform” rating and a $32.00 price objective on the stock. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $49.17.

United Airlines 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. It transports people and cargo through its mainline and regional fleets. As of February 28, 2020, the company operated approximately 791 mainline aircraft.

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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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