Macquarie Group Ltd. acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,400 shares of the transportation company's stock, valued at approximately $1,119,000.
Other institutional investors also recently modified their holdings of the company. CoreCap Advisors LLC bought a new position in United Airlines during the second quarter valued at $26,000. Western Pacific Wealth Management LP bought a new position in United Airlines during the third quarter valued at $27,000. Wahed Invest LLC bought a new position in United Airlines during the second quarter valued at $31,000. Guardian Wealth Advisors LLC bought a new position in United Airlines during the third quarter valued at $33,000. Finally, Ameliora Wealth Management Ltd. bought a new position in United Airlines during the third quarter valued at $34,000. 59.73% of the stock is owned by institutional investors.
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Insider Buying and Selling
In other news, Director James A. C. Kennedy acquired 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, December 14th. The stock was bought at an average cost of $39.72 per share, for a total transaction of $79,440.00. Following the acquisition, the director now directly owns 16,596 shares in the company, valued at $659,193.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director James A. C. Kennedy bought 2,000 shares of the business's stock in a transaction on Wednesday, December 14th. The stock was acquired at an average price of $39.72 per share, with a total value of $79,440.00. Following the transaction, the director now owns 16,596 shares in the company, valued at approximately $659,193.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Chris Kenny sold 16,000 shares of United Airlines stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $48.94, for a total transaction of $783,040.00. Following the completion of the sale, the vice president now directly owns 8,132 shares of the company's stock, valued at approximately $397,980.08. The disclosure for this sale can be found here. 0.37% of the stock is owned by company insiders.
United Airlines Price Performance
UAL stock opened at $50.97 on Friday. The firm has a 50 day moving average price of $49.12 and a 200-day moving average price of $42.65. United Airlines Holdings, Inc. has a 52-week low of $31.58 and a 52-week high of $55.04. The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of 23.49 and a beta of 1.43. The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.95 and a current ratio of 1.00.
United Airlines (NASDAQ:UAL – Get Rating) last announced its quarterly earnings data on Tuesday, January 17th. The transportation company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.07 by $0.39. United Airlines had a net margin of 1.64% and a return on equity of 17.15%. The company had revenue of $12.40 billion during the quarter, compared to analyst estimates of $12.23 billion. During the same period in the previous year, the business earned ($1.60) EPS. The firm's revenue for the quarter was up 51.4% on a year-over-year basis. Equities research analysts forecast that United Airlines Holdings, Inc. will post 8.24 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have issued reports on UAL. The Goldman Sachs Group assumed coverage on United Airlines in a research report on Friday, December 16th. They set a "buy" rating and a $51.00 target price on the stock. Morgan Stanley upgraded United Airlines from an "equal weight" rating to an "overweight" rating and set a $67.00 price objective on the stock in a research report on Monday, December 5th. BNP Paribas upgraded United Airlines from an "underperform" rating to an "outperform" rating and set a $70.00 price target on the stock in a research report on Tuesday, March 7th. Barclays upgraded United Airlines from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $52.00 to $80.00 in a research report on Friday. Finally, Argus upgraded United Airlines from a "hold" rating to a "buy" rating and set a $52.00 price target on the stock in a research report on Tuesday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $56.31.
United Airlines Company Profile
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United Airlines Holdings, Inc is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.
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