Deltec Asset Management LLC Makes New Investment in United Airlines Holdings Inc $UAL

Deltec Asset Management LLC acquired a new position in United Airlines Holdings Inc (NASDAQ:UAL) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,000 shares of the transportation company’s stock, valued at approximately $1,110,000.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Argus cut their price target on United Airlines from $140.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Evercore reissued an “outperform” rating and issued a $160.00 price objective on shares of United Airlines in a research note on Wednesday, October 21st. The Goldman Sachs Group raised their target price on shares of United Airlines from $131.00 to $162.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. UBS Group cut their target price on shares of United Airlines from $146.00 to $139.00 and set a “buy” rating for the company in a research report on Friday, October 16th. Finally, Bank of America upped their price target on shares of United Airlines from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Sixteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and a consensus target price of $156.19.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $100.69 on Tuesday. The business’s fifty day moving average price is $109.16 and its two-hundred day moving average price is $108.59. The stock has a market cap of $32.71 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.24 and a beta of 1.30. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.68 and a current ratio of 0.75. United Airlines Holdings Inc has a one year low of $84.64 and a one year high of $138.77.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.03). United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The company had revenue of $17.88 billion for the quarter, compared to analysts’ expectations of $17.89 billion. During the same period in the previous year, the business posted $2.78 EPS. The business’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts forecast that United Airlines Holdings Inc will post 7.17 EPS for the current fiscal year.

Insider Activity at United Airlines

In related news, EVP Andrew Nocella sold 5,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total transaction of $585,000.00. Following the sale, the executive vice president owned 214,955 shares of the company’s stock, valued at $25,149,735. This trade represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by insiders.

About United Airlines

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.