Nykredit A S acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 32,693 shares of the transportation company’s stock, valued at approximately $4,446,000.
Several other large investors have also modified their holdings of UAL. Bison Wealth LLC acquired a new position in shares of United Airlines in the 4th quarter valued at $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in United Airlines by 24.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company’s stock valued at $2,753,000 after acquiring an additional 7,713 shares during the last quarter. Focus Partners Wealth raised its stake in shares of United Airlines by 92.7% during the first quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company’s stock worth $853,000 after purchasing an additional 5,939 shares during the last quarter. First Trust Advisors LP raised its position in United Airlines by 23.5% during the 2nd quarter. First Trust Advisors LP now owns 292,580 shares of the transportation company’s stock worth $23,298,000 after buying an additional 55,728 shares during the last quarter. Finally, Cresset Asset Management LLC raised its holdings in United Airlines by 73.5% during the second quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company’s stock worth $749,000 after purchasing an additional 3,987 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.
United Airlines Stock Performance
Shares of UAL opened at $111.38 on Monday. The stock’s 50-day moving average is $121.55 and its two-hundred day moving average is $108.50. The stock has a market cap of $36.15 billion, a PE ratio of 10.42, a P/E/G ratio of 0.90 and a beta of 1.27. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.72. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77.
Insiders Place Their Bets
In other United Airlines news, President Brett Hart sold 30,108 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the transaction, the president directly owned 371,583 shares in the company, valued at $44,857,499.76. This represents a 7.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew P. Nocella sold 5,000 shares of the 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 transaction, the executive vice president directly owned 214,955 shares in the company, valued at $25,149,735. The trade was a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 271,010 shares of company stock worth $32,317,909. 0.86% of the stock is owned by insiders.
Wall Street Analyst Weigh In
UAL has been the subject of several research analyst reports. Wall Street Zen cut United Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Jefferies Financial Group restated a “buy” rating and set a $155.00 price objective on shares of United Airlines in a research report on Sunday, July 19th. Wells Fargo & Company upped their target price on shares of United Airlines from $130.00 to $165.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Susquehanna reduced their price target on United Airlines from $172.00 to $165.00 and set a “positive” rating on the stock in a research note on Friday, July 17th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of United Airlines in a report on Friday, July 17th. Sixteen 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 currently has a consensus rating of “Moderate Buy” and an average price target of $157.74.
Get Our Latest Research 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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