Prudential PLC Acquires Shares of 11,348 United Airlines Holdings Inc (NASDAQ:UAL)

Prudential PLC acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,348 shares of the transportation company’s stock, valued at approximately $784,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in United Airlines by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company’s stock valued at $105,000,000 after buying an additional 16,477 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of United Airlines during the 1st quarter worth $15,089,000. Generate Investment Management Ltd acquired a new stake in shares of United Airlines during the 1st quarter worth $10,773,000. Exchange Traded Concepts LLC grew its holdings in shares of United Airlines by 132.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company’s stock worth $518,000 after purchasing an additional 4,281 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of United Airlines by 7,225.9% during the 1st quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company’s stock worth $24,898,000 after purchasing an additional 355,657 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Price Performance

Shares of UAL opened at $100.93 on Friday. United Airlines Holdings Inc has a 1 year low of $40.96 and a 1 year high of $116.00. 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 company has a market capitalization of $32.67 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 1.28 and a beta of 1.48. The business has a 50-day moving average of $85.29 and a 200-day moving average of $82.29.

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

Insider Transactions at United Airlines

In other United Airlines news, EVP Kate Gebo sold 6,343 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total value of $620,408.83. Following the completion of the sale, the executive vice president owned 69,106 shares of the company’s stock, valued at approximately $6,759,257.86. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Barney Harford sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total value of $879,840.00. Following the completion of the sale, the director directly owned 80,000 shares of the company’s stock, valued at $7,820,800. This trade represents a 10.11% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,791 shares of company stock valued at $9,992,318. Company insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on UAL shares. Cowen reissued a “buy” rating on shares of United Airlines in a report on Tuesday, July 15th. UBS Group increased their target price on United Airlines from $103.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, July 15th. Barclays reissued an “overweight” rating and set a $100.00 target price (up from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Wall Street Zen lowered United Airlines from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Finally, Bank of America raised their price objective on United Airlines from $90.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $111.43.

United Airlines Company 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, flight academy, and maintenance services for third parties.