Securian Asset Management Inc. lessened its holdings in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 43.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,803 shares of the transportation company’s stock after selling 6,818 shares during the period. Securian Asset Management Inc.’s holdings in United Airlines were worth $984,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Bison Wealth LLC purchased a new stake in United Airlines during the 4th quarter worth about $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of United Airlines by 24.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company’s stock worth $2,753,000 after buying an additional 7,713 shares during the period. Focus Partners Wealth raised its holdings in United Airlines by 92.7% in the first quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company’s stock valued at $853,000 after acquiring an additional 5,939 shares in the last quarter. First Trust Advisors LP lifted its stake in United Airlines by 23.5% in the second quarter. First Trust Advisors LP now owns 292,580 shares of the transportation company’s stock worth $23,298,000 after acquiring an additional 55,728 shares during the last quarter. Finally, Cresset Asset Management LLC grew its holdings in United Airlines by 73.5% during the 2nd quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company’s stock worth $749,000 after acquiring an additional 3,987 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.
United Airlines Stock Down 0.1%
UAL opened at $95.70 on Thursday. United Airlines Holdings Inc has a one year low of $71.55 and a one year high of $119.21. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.64 and a current ratio of 0.70. The stock has a market capitalization of $31.06 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20. The business’s 50-day simple moving average is $93.73 and its 200-day simple moving average is $102.02.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on UAL shares. Wall Street Zen upgraded shares of United Airlines from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. TD Cowen raised United Airlines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. BMO Capital Markets upped their price objective on United Airlines from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Jefferies Financial Group cut their target price on United Airlines from $118.00 to $112.00 and set a “buy” rating on the stock in a research report on Monday, April 27th. Finally, Citigroup lowered their price target on United Airlines from $155.00 to $132.00 and set a “buy” rating for the company in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, United Airlines has a consensus rating of “Buy” and a consensus price target of $132.18.
Read Our Latest Research Report on UAL
Insider Activity
In other news, EVP Andrew P. Nocella sold 7,000 shares of United Airlines stock in a transaction on Friday, May 1st. The shares were sold at an average price of $90.19, for a total value of $631,330.00. Following the transaction, the executive vice president directly owned 215,345 shares of the company’s stock, valued at $19,421,965.55. The trade was a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.86% of the company’s stock.
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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