Ameritas Advisory Services LLC lessened its position in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 18.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,815 shares of the transportation company’s stock after selling 1,537 shares during the period. Ameritas Advisory Services LLC’s holdings in United Airlines were worth $300,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of UAL. PNC Financial Services Group Inc. boosted its stake in United Airlines by 7.9% in the 1st 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 during the last quarter. Panagora Asset Management Inc. acquired a new stake in shares of United Airlines in the first quarter worth approximately $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 purchasing an additional 2,683 shares during the last quarter. Great West Life Assurance Co. Can raised its stake 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 purchasing an additional 1,438 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of United Airlines by 81.9% in the 1st quarter. Vontobel Holding Ltd. now owns 14,960 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 6,737 shares during the last quarter. Hedge funds and other institutional investors own 67.77% of the company’s stock.
United Airlines Price Performance
UAL stock opened at $57.61 on Friday. The company has a market capitalization of $18.89 billion, a PE ratio of 7.15 and a beta of 1.44. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 3.49. The stock’s 50 day moving average is $53.07 and its two-hundred day moving average is $47.85. United Airlines Holdings, Inc. has a 52-week low of $31.58 and a 52-week high of $58.23.
United Airlines (NASDAQ:UAL – Get Free Report) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.43 earnings per share. Analysts predict that United Airlines Holdings, Inc. will post 10.38 earnings per share for the current fiscal year.
Insider Buying and Selling
In other United Airlines news, EVP Gregory L. Hart sold 12,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $52.26, for a total transaction of $627,120.00. Following the transaction, the executive vice president now owns 26,434 shares of the company’s stock, valued at approximately $1,381,440.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.60% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on UAL shares. Morgan Stanley increased their target price on United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday. Argus lifted their price objective on United Airlines from $58.00 to $65.00 in a research note on Wednesday, July 12th. Jefferies Financial Group increased their target price on shares of United Airlines from $50.00 to $60.00 in a research report on Tuesday, July 11th. TheStreet upgraded shares of United Airlines from a “c” rating to a “b-” rating in a research note on Wednesday. Finally, TD Cowen raised their target price on shares of United Airlines from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.00.
About United Airlines
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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