Russell Investments Group Ltd. Raises Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

Russell Investments Group Ltd. boosted its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 5.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 808,861 shares of the transportation company’s stock after buying an additional 41,395 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.25% of United Airlines worth $55,853,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UAL. Pacer Advisors Inc. boosted its stake in United Airlines by 10,777.6% in the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company’s stock valued at $349,953,000 after acquiring an additional 5,021,511 shares in the last quarter. Senator Investment Group LP boosted its stake in United Airlines by 214.8% in the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company’s stock valued at $316,648,000 after acquiring an additional 2,225,000 shares in the last quarter. Capital World Investors boosted its stake in United Airlines by 22.4% in the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock valued at $950,461,000 after acquiring an additional 1,791,654 shares in the last quarter. Susquehanna Advisors Group Inc. acquired a new stake in United Airlines in the fourth quarter valued at approximately $173,211,000. Finally, Fred Alger Management LLC acquired a new stake in United Airlines in the fourth quarter valued at approximately $155,860,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Airlines

In related news, Director Michelle Freyre sold 900 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.13, for a total transaction of $82,917.00. Following the completion of the transaction, the director owned 829 shares of the company’s stock, valued at $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction on Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the transaction, the executive vice president directly owned 62,358 shares of the company’s stock, valued at $5,750,654.76. The trade was a 24.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 70,495 shares of company stock worth $6,448,796. 0.71% of the stock is currently owned by company insiders.

United Airlines Trading Up 1.3%

Shares of United Airlines stock opened at $99.79 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The firm has a fifty day moving average price of $84.58 and a 200 day moving average price of $82.38. United Airlines Holdings Inc has a 1 year low of $40.13 and a 1 year high of $116.00. The stock has a market cap of $32.31 billion, a PE ratio of 10.00, a price-to-earnings-growth ratio of 1.27 and a beta of 1.48.

United Airlines (NASDAQ:UAL) last issued its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm had revenue of $15.24 billion during the quarter, compared to analysts’ expectations of $15.31 billion. During the same quarter last year, the company posted $4.14 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UAL shares. UBS Group raised their target price on shares of United Airlines from $103.00 to $114.00 and gave the company a “buy” rating in a research note on Tuesday, July 15th. Bank of America raised their target price on shares of United Airlines from $90.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a research note on Tuesday, April 22nd. Evercore ISI reiterated an “outperform” rating and set a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $111.43.

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, flight academy, and maintenance services for third parties.