Ritholtz Wealth Management Increases Position in United Airlines Holdings Inc $UAL

Ritholtz Wealth Management boosted its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 42.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,618 shares of the transportation company’s stock after purchasing an additional 8,234 shares during the quarter. Ritholtz Wealth Management’s holdings in United Airlines were worth $2,665,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of UAL. Vanguard Group Inc. lifted its position in shares of United Airlines by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 37,330,017 shares of the transportation company’s stock valued at $2,972,589,000 after buying an additional 368,401 shares in the last quarter. State Street Corp raised its position in United Airlines by 4.4% during the second quarter. State Street Corp now owns 11,571,093 shares of the transportation company’s stock worth $921,406,000 after acquiring an additional 489,795 shares during the period. Geode Capital Management LLC lifted its holdings in United Airlines by 1.0% during the second quarter. Geode Capital Management LLC now owns 8,819,876 shares of the transportation company’s stock valued at $704,994,000 after purchasing an additional 90,350 shares in the last quarter. Invesco Ltd. lifted its holdings in United Airlines by 2.9% during the second quarter. Invesco Ltd. now owns 4,798,423 shares of the transportation company’s stock valued at $382,098,000 after purchasing an additional 137,237 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of United Airlines in the second quarter valued at about $143,035,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UAL has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of United Airlines from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Wells Fargo & Company initiated coverage on United Airlines in a report on Thursday, December 18th. They set an “overweight” rating and a $145.00 target price for the company. Susquehanna raised their target price on United Airlines from $117.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, January 9th. Cowen reiterated a “buy” rating on shares of United Airlines in a research report on Wednesday, January 7th. Finally, BMO Capital Markets raised United Airlines to a “strong-buy” rating in a research note on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, United Airlines has an average rating of “Moderate Buy” and an average price target of $134.94.

Insider Activity

In related news, CEO J Scott Kirby sold 120,000 shares of the business’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 sale, the chief executive officer directly owned 666,535 shares in the company, valued at approximately $71,892,465.10. The trade was a 15.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.71% of the company’s stock.

United Airlines Stock Down 2.2%

UAL stock opened at $113.49 on Friday. The firm has a market cap of $36.74 billion, a PE ratio of 11.37, a PEG ratio of 0.80 and a beta of 1.31. United Airlines Holdings Inc has a one year low of $52.00 and a one year high of $119.21. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.61 and a current ratio of 0.67. The firm’s 50 day moving average price is $106.74 and its 200-day moving average price is $100.16.

United Airlines (NASDAQ:UAL) last posted its earnings results on Wednesday, October 15th. The transportation company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.65 by $0.13. United Airlines had a return on equity of 26.94% and a net margin of 5.64%.The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.31 billion. During the same quarter last year, the firm earned $3.33 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current year.

About United Airlines

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.