180 Wealth Advisors LLC purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,347 shares of the transportation company’s stock, valued at approximately $790,000.
Other large investors have also recently bought and sold shares of the company. CoreCap Advisors LLC acquired a new stake in shares of United Airlines in the fourth quarter worth $25,000. Massmutual Trust Co. FSB ADV lifted its position in shares of United Airlines by 99.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 611 shares of the transportation company’s stock worth $27,000 after acquiring an additional 305 shares during the period. Clear Street Markets LLC increased its position in shares of United Airlines by 101.8% during the first quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 36,811 shares during the period. Sound Income Strategies LLC acquired a new position in shares of United Airlines in the first quarter valued at $32,000. Finally, CI Investments Inc. lifted its position in United Airlines by 110.4% in the fourth quarter. CI Investments Inc. now owns 911 shares of the transportation company’s stock worth $34,000 after purchasing an additional 478 shares during the period. 70.37% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of United Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. Morgan Stanley boosted their price target on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. Raymond James increased their price objective on United Airlines from $72.00 to $76.00 and gave the stock an “outperform” rating in a research note on Friday, July 21st. Argus lifted their price target on shares of United Airlines from $58.00 to $65.00 in a report on Wednesday, July 12th. Finally, Bank of America upped their price objective on shares of United Airlines from $43.00 to $50.00 in a research note on Monday, June 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.14.
Insider Activity at United Airlines
In other United Airlines news, CFO Gerald Laderman sold 4,491 shares of the firm’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $57.05, for a total transaction of $256,211.55. Following the transaction, the chief financial officer now owns 133,213 shares in the company, valued at $7,599,801.65. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.37% of the stock is currently owned by corporate insiders.
United Airlines Stock Performance
United Airlines stock opened at $44.63 on Tuesday. United Airlines Holdings, Inc. has a 1 year low of $31.58 and a 1 year high of $58.23. The company’s 50-day moving average is $51.63 and its two-hundred day moving average is $49.06. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 3.49. The company has a market cap of $14.64 billion, a PE ratio of 5.54, a PEG ratio of 0.08 and a beta of 1.42.
United Airlines (NASDAQ:UAL – Get Free Report) last announced its quarterly earnings data on Thursday, July 20th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $1.00. The firm had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $13.90 billion. United Airlines had a net margin of 5.24% and a return on equity of 48.89%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the firm earned $1.43 earnings per share. Equities analysts anticipate that United Airlines Holdings, Inc. will post 11.08 earnings per share for the current year.
United Airlines Profile
United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties.
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