Heartland Bank & Trust Co bought a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,570 shares of the transportation company’s stock, valued at approximately $205,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of 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 worth $349,953,000 after purchasing an additional 5,021,511 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in shares of United Airlines by 86.4% in the first quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company’s stock worth $275,203,000 after purchasing an additional 1,847,884 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of United Airlines by 334.6% in the first quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company’s stock worth $116,539,000 after purchasing an additional 1,380,804 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of United Airlines by 1,575.1% in the first quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company’s stock worth $88,203,000 after purchasing an additional 1,201,118 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of United Airlines in the first quarter worth $72,722,000. 69.69% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
UAL has been the subject of a number of analyst reports. Evercore ISI increased their price objective on shares of United Airlines from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Barclays increased their price objective on shares of United Airlines from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 1st. Weiss Ratings cut shares of United Airlines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Wall Street Zen cut shares of United Airlines from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Finally, Susquehanna raised their target price on shares of United Airlines from $109.00 to $115.00 and gave the company a “positive” rating in a research note on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, United Airlines currently has a consensus rating of “Buy” and an average price target of $120.64.
United Airlines Price Performance
UAL stock opened at $103.15 on Wednesday. United Airlines Holdings Inc has a 52 week low of $52.00 and a 52 week high of $116.00. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. The company has a fifty day simple moving average of $100.96 and a two-hundred day simple moving average of $85.39. The firm has a market capitalization of $33.39 billion, a P/E ratio of 10.34, a price-to-earnings-growth ratio of 1.26 and a beta of 1.45.
United Airlines (NASDAQ:UAL – Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating 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 business had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same quarter last year, the business earned $4.14 earnings per share. United Airlines’s quarterly revenue was up 1.4% compared to the same quarter last year. Analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.
Insider Buying and Selling at United Airlines
In other United Airlines news, EVP Kate Gebo sold 29,953 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total transaction of $2,923,113.27. Following the completion of the transaction, the executive vice president owned 45,496 shares in the company, valued at $4,439,954.64. This trade represents a 39.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Brett J. Hart sold 24,772 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the transaction, the president owned 283,638 shares of the company’s stock, valued at $25,385,601. This trade represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock valued at $9,992,318 over the last ninety days. Corporate insiders own 0.63% of the company’s stock.
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.
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