Keybank National Association OH acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,743 shares of the transportation company’s stock, valued at approximately $218,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in UAL. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $105,000,000 after purchasing an additional 16,477 shares during the last quarter. Deutsche Bank AG increased its holdings in United Airlines by 10.5% during the 1st quarter. Deutsche Bank AG now owns 1,395,615 shares of the transportation company’s stock valued at $96,367,000 after purchasing an additional 132,373 shares in the last quarter. Blueshift Asset Management LLC bought a new position in United Airlines in the 1st quarter valued at $577,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in United Airlines in the first quarter worth $12,592,000. Finally, Atlas Capital Advisors Inc. grew its holdings in shares of United Airlines by 382.4% during the first quarter. Atlas Capital Advisors Inc. now owns 11,259 shares of the transportation company’s stock worth $777,000 after purchasing an additional 8,925 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.
United Airlines Stock Performance
UAL stock opened at $95.72 on Friday. United Airlines Holdings Inc has a twelve month low of $52.00 and a twelve month high of $116.00. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 1.45. The company has a market cap of $30.99 billion, a P/E ratio of 9.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.45. The business’s fifty day moving average is $100.48 and its 200-day moving average is $89.22.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of United Airlines from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Morgan Stanley reiterated an “overweight” rating and set a $140.00 target price on shares of United Airlines in a research report on Friday, October 17th. JPMorgan Chase & Co. raised their price target on shares of United Airlines from $149.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, October 20th. UBS Group dropped their price objective on shares of United Airlines from $131.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Finally, Bank of America increased their price objective on United Airlines from $90.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, July 18th. 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $124.93.
Get Our Latest Analysis on UAL
Insider Buying and Selling
In other United Airlines news, EVP Kate Gebo sold 6,343 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total value of $620,408.83. Following the sale, the executive vice president directly owned 69,106 shares in the company, valued at approximately $6,759,257.86. This trade represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Barney Harford sold 9,000 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total transaction of $879,840.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 45,296 shares of company stock worth $4,423,362 over the last quarter. 0.71% of the stock is currently owned by corporate insiders.
United Airlines 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.
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