GSA Capital Partners LLP acquired a new position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor acquired 4,617 shares of the transportation company’s stock, valued at approximately $628,000.
A number of other hedge funds also recently bought and sold shares of UAL. Root Financial Partners LLC lifted its position in United Airlines by 5.3% during the fourth quarter. Root Financial Partners LLC now owns 1,840 shares of the transportation company’s stock valued at $206,000 after purchasing an additional 93 shares during the last quarter. AXA S.A. increased its holdings in shares of United Airlines by 0.8% in the 2nd quarter. AXA S.A. now owns 15,465 shares of the transportation company’s stock worth $1,231,000 after buying an additional 121 shares during the last quarter. SJS Investment Consulting Inc. raised its position in shares of United Airlines by 17.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 861 shares of the transportation company’s stock valued at $79,000 after buying an additional 125 shares in the last quarter. Fielder Capital Group LLC raised its position in shares of United Airlines by 5.4% during the 4th quarter. Fielder Capital Group LLC now owns 2,473 shares of the transportation company’s stock valued at $276,000 after buying an additional 127 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of United Airlines by 3.7% in the 1st quarter. Koshinski Asset Management Inc. now owns 3,914 shares of the transportation company’s stock valued at $360,000 after acquiring an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.
United Airlines Price Performance
United Airlines stock opened at $111.71 on Friday. United Airlines Holdings Inc has a 12-month low of $84.64 and a 12-month high of $138.77. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $124.04 and a 200-day moving average price of $108.51. The firm has a market capitalization of $36.26 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28.
Insider Buying and Selling at United Airlines
In other news, CEO J Scott Kirby sold 159,321 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $118.05, for a total transaction of $18,807,844.05. Following the transaction, the chief executive officer owned 797,851 shares of the company’s stock, valued at approximately $94,186,310.55. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Brett J. Hart sold 30,108 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total value of $3,634,637.76. Following the transaction, the president directly owned 371,583 shares in the company, valued at approximately $44,857,499.76. This represents a 7.50% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 306,010 shares of company stock valued at $35,949,843. 0.86% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several research analysts recently commented on the company. Citigroup lifted their price target on United Airlines from $132.00 to $171.00 and gave the stock a “buy” rating in a research report on Monday, June 22nd. Sanford C. Bernstein upped their price objective on United Airlines from $136.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. TD Cowen raised their price objective on United Airlines from $150.00 to $176.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Airlines in a report on Friday, July 17th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $155.00 target price on shares of United Airlines in a research report on Sunday, July 19th. Sixteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.79.
View Our Latest Stock Report on UAL
United Airlines 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.
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