Hartford Investment Management Co. Grows Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Hartford Investment Management Co. increased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UALFree Report) by 16.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,548 shares of the transportation company’s stock after purchasing an additional 3,966 shares during the quarter. Hartford Investment Management Co.’s holdings in United Airlines were worth $1,219,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its position in United Airlines by 7.9% during the first quarter. PNC Financial Services Group Inc. now owns 22,619 shares of the transportation company’s stock worth $1,048,000 after buying an additional 1,663 shares in the last quarter. Panagora Asset Management Inc. purchased a new position in United Airlines during the first quarter worth $482,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in United Airlines by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 43,326 shares of the transportation company’s stock worth $2,009,000 after buying an additional 2,683 shares in the last quarter. Great West Life Assurance Co. Can increased its position in United Airlines by 2.0% during the first quarter. Great West Life Assurance Co. Can now owns 72,334 shares of the transportation company’s stock worth $3,503,000 after buying an additional 1,438 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in United Airlines by 81.9% during the first quarter. Vontobel Holding Ltd. now owns 14,960 shares of the transportation company’s stock worth $694,000 after buying an additional 6,737 shares in the last quarter. 67.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UAL has been the subject of several recent research reports. StockNews.com initiated coverage on United Airlines in a research report on Thursday. They set a “buy” rating for the company. Jefferies Financial Group lifted their price objective on United Airlines from $50.00 to $60.00 in a research report on Tuesday, July 11th. Citigroup lifted their price objective on United Airlines from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, July 24th. Argus lifted their price objective on United Airlines from $58.00 to $65.00 in a research report on Wednesday, July 12th. Finally, Morgan Stanley lifted their price objective on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $71.08.

Get Our Latest Stock Report on UAL

Insider Activity at United Airlines

In related news, CFO Gerald Laderman sold 4,491 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $57.05, for a total value of $256,211.55. Following the completion of the sale, the chief financial officer now directly owns 133,213 shares of the company’s stock, valued at $7,599,801.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Gerald Laderman sold 4,491 shares of the company’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $57.05, for a total transaction of $256,211.55. Following the completion of the transaction, the chief financial officer now directly owns 133,213 shares of the company’s stock, valued at $7,599,801.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory L. Hart sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $52.26, for a total value of $627,120.00. Following the transaction, the executive vice president now directly owns 26,434 shares of the company’s stock, valued at $1,381,440.84. The disclosure for this sale can be found here. 0.60% of the stock is owned by corporate insiders.

United Airlines Trading Down 0.9 %

NASDAQ:UAL opened at $49.10 on Friday. The company has a debt-to-equity ratio of 3.49, a quick ratio of 0.86 and a current ratio of 0.91. United Airlines Holdings, Inc. has a one year low of $31.58 and a one year high of $58.23. The business’s 50-day simple moving average is $54.13 and its 200 day simple moving average is $48.19. The stock has a market cap of $16.10 billion, a price-to-earnings ratio of 6.09 and a beta of 1.41.

United Airlines (NASDAQ:UALGet Free Report) last released its quarterly earnings results on Thursday, July 20th. The transportation company reported $5.03 EPS for the quarter, topping the consensus estimate of $4.03 by $1.00. The business had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $13.90 billion. United Airlines had a return on equity of 48.89% and a net margin of 5.24%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.43 earnings per share. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 11.39 earnings per share for the current fiscal year.

About United Airlines

(Free Report)

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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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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Article source: https://airlines.einnews.com/article/650833353/AlS8i_jdUWx_UrQD?ref=rss&ecode=vaZAu9rk30b8KC5H

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