United Airlines Holdings Inc $UAL Stock: University of Texas Texas AM Investment Management Co. Raises Position

University of Texas Texas AM Investment Management Co. increased its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 59.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,887 shares of the transportation company’s stock after buying an additional 6,326 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in United Airlines were worth $1,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of United Airlines by 11.2% in the 1st quarter. Royal Bank of Canada now owns 418,647 shares of the transportation company’s stock valued at $38,544,000 after purchasing an additional 42,111 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of United Airlines during the second quarter worth approximately $7,671,000. State Street Corp boosted its holdings in shares of United Airlines by 1.4% during the second quarter. State Street Corp now owns 11,788,111 shares of the transportation company’s stock worth $1,603,065,000 after purchasing an additional 162,283 shares during the period. Junto Capital Management LP acquired a new stake in shares of United Airlines during the second quarter worth approximately $37,460,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of United Airlines during the first quarter worth approximately $918,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at United Airlines

In related news, EVP Andrew P. Nocella sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total transaction of $585,000.00. Following the transaction, the executive vice president owned 214,955 shares of the company’s stock, valued at approximately $25,149,735. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Brett Hart sold 39,000 shares of United Airlines stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $102.68, for a total transaction of $4,004,520.00. Following the completion of the sale, the president owned 325,122 shares of the company’s stock, valued at $33,383,526.96. This trade represents a 10.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Wells Fargo & Company cut their target price on shares of United Airlines from $160.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Argus decreased their target price on shares of United Airlines from $140.00 to $125.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Barclays decreased their target price on shares of United Airlines from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. Finally, UBS Group lowered their price target on shares of United Airlines from $146.00 to $139.00 and set a “buy” rating on the stock in a report on Friday, October 16th. Sixteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.19.

Get Our Latest Stock Analysis on United Airlines

United Airlines Stock Performance

Shares of UAL stock opened at $112.74 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.68. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77. The stock’s 50-day moving average is $107.33 and its two-hundred day moving average is $108.23. The firm has a market cap of $36.63 billion, a P/E ratio of 10.31, a PEG ratio of 1.44 and a beta of 1.38.

United Airlines (NASDAQ:UAL – Get Free Report) last posted its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). The firm had revenue of $17.88 billion for the quarter, compared to analysts’ expectations of $17.89 billion. United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the business earned $2.78 earnings per share. Analysts predict that United Airlines Holdings Inc will post 7.10 earnings per share for the current fiscal year.

About United Airlines

(Free Report)

United Airlines Holdings, Inc operates United Airlines, a major U.S. passenger and cargo airline. The company provides domestic and international air transportation, cargo services, and travel-related offerings, including its MileagePlus loyalty program. Regional service is also offered under the United Express brand through partner airlines.

United serves destinations across the Americas, Europe, Asia, Africa, and Oceania. Its network is organized around hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco, and Washington, DC

The airline traces its history to Varney Air Lines, founded in 1926, and has developed through mergers and acquisitions over the decades.

Further Reading

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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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