Hussman Strategic Advisors Inc. purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) during the 3rd quarter, HoldingsChannel reports. The fund purchased 10,500 shares of the transportation company’s stock, valued at approximately $1,013,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Blair William & Co. IL raised its stake in shares of United Airlines by 16.3% during the second quarter. Blair William & Co. IL now owns 21,223 shares of the transportation company’s stock worth $1,690,000 after acquiring an additional 2,967 shares in the last quarter. Pitcairn Co. grew its holdings in shares of United Airlines by 194.2% during the 2nd quarter. Pitcairn Co. now owns 23,576 shares of the transportation company’s stock valued at $1,877,000 after purchasing an additional 15,563 shares during the last quarter. Bayforest Capital Ltd raised its position in United Airlines by 840.0% in the 2nd quarter. Bayforest Capital Ltd now owns 9,550 shares of the transportation company’s stock worth $760,000 after purchasing an additional 8,534 shares during the period. Atria Investments Inc raised its position in United Airlines by 16.2% in the 2nd quarter. Atria Investments Inc now owns 28,483 shares of the transportation company’s stock worth $2,268,000 after purchasing an additional 3,978 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in United Airlines in the second quarter worth $239,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.
United Airlines Price Performance
Shares of UAL stock opened at $104.91 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.59 and a current ratio of 0.65. United Airlines Holdings Inc has a fifty-two week low of $52.00 and a fifty-two week high of $119.21. The firm has a market cap of $33.96 billion, a P/E ratio of 10.27, a P/E/G ratio of 0.55 and a beta of 1.31. The business’s 50 day moving average price is $108.96 and its 200-day moving average price is $101.56.
Insider Activity at United Airlines
In other news, CEO J Scott Kirby sold 120,000 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $107.86, for a total value of $12,943,200.00. Following the completion of the sale, the chief executive officer directly owned 666,535 shares of the company’s stock, valued at approximately $71,892,465.10. This trade represents a 15.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.63% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently commented on UAL. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Airlines in a report on Wednesday, January 21st. Wells Fargo & Company assumed coverage on United Airlines in a research report on Thursday, December 18th. They set an “overweight” rating and a $145.00 price target on the stock. Loop Capital set a $110.00 price objective on United Airlines in a research report on Tuesday, October 21st. Morgan Stanley set a $150.00 price objective on United Airlines and gave the company an “overweight” rating in a research note on Thursday, January 8th. Finally, UBS Group lifted their target price on shares of United Airlines from $145.00 to $147.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Fifteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.97.
View Our Latest Analysis 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.
Further Reading
- Five stocks we like better than United Airlines
- How a Family Trust May Be Able To Help Preserve Your Wealth
- Do not delete, read immediately
- NEW LAW: Congress Approves Setup For Digital Dollar?
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- A U.S. “birthright” claim worth trillions – activated quietly
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.
