United Airlines Holdings Inc $UAL Stock Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in United Airlines Holdings Inc (NASDAQ:UAL) by 7,757.6% in the third quarter, HoldingsChannel.com reports. The firm owned 1,426,000 shares of the transportation company’s stock after acquiring an additional 1,407,852 shares during the period. United Airlines comprises 1.2% of International Assets Investment Management LLC’s investment portfolio, making the stock its 10th largest holding. International Assets Investment Management LLC’s holdings in United Airlines were worth $158,215,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UAL. Royal Bank of Canada lifted its holdings in United Airlines by 11.2% during the 1st quarter. Royal Bank of Canada now owns 418,647 shares of the transportation company’s stock worth $38,544,000 after buying an additional 42,111 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in United Airlines in the second quarter worth about $7,671,000. State Street Corp increased its position in United Airlines by 1.4% in the second quarter. State Street Corp now owns 11,788,111 shares of the transportation company’s stock worth $1,603,065,000 after purchasing an additional 162,283 shares during the period. Junto Capital Management LP acquired a new stake in United Airlines in the second quarter worth about $37,460,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in United Airlines by 432.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 96,592 shares of the transportation company’s stock worth $8,893,000 after purchasing an additional 78,442 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Andrew Nocella sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total transaction of $585,000.00. Following the completion of the transaction, the executive vice president directly owned 214,955 shares in the company, valued at approximately $25,149,735. The trade was a 2.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

UAL has been the topic of a number of research reports. TD Cowen cut their target price on shares of United Airlines from $192.00 to $167.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Susquehanna lowered their price target on shares of United Airlines from $150.00 to $130.00 and set a “positive” rating for the company in a research report on Thursday, October 22nd. Rothschild & Co Redburn lowered their price target on shares of United Airlines from $165.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, September 18th. Zacks Research downgraded shares of United Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, September 28th. Finally, Evercore restated an “outperform” rating and issued a $160.00 price objective on shares of United Airlines in a report on Wednesday, October 21st. Sixteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, United Airlines has a consensus rating of “Moderate Buy” and an average price target of $156.19.

United Airlines Stock Down 0.9%

NASDAQ:UAL opened at $104.24 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 quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $33.87 billion, a P/E ratio of 9.54, a P/E/G ratio of 1.33 and a beta of 1.30. The stock’s fifty day simple moving average is $107.65 and its 200-day simple moving average is $108.27.

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

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.