United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in United Airlines Holdings, Inc. (NASDAQ:UALGet Rating) by 19.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,691 shares of the transportation company’s stock after selling 3,734 shares during the period. Oppenheimer & Co. Inc.’s holdings in United Airlines were worth $727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Addison Advisors LLC raised its position in United Airlines by 307.7% during the first quarter. Addison Advisors LLC now owns 583 shares of the transportation company’s stock worth $27,000 after acquiring an additional 440 shares during the period. Citizens National Bank Trust Department acquired a new position in United Airlines during the fourth quarter worth $31,000. CENTRAL TRUST Co acquired a new position in United Airlines during the first quarter worth $35,000. Wahed Invest LLC acquired a new position in United Airlines during the fourth quarter worth $42,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in United Airlines during the fourth quarter worth $44,000. 63.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UAL has been the subject of a number of research reports. Raymond James dropped their target price on shares of United Airlines from $62.00 to $48.00 and set an “outperform” rating for the company in a report on Thursday, June 23rd. Argus lowered shares of United Airlines from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. BNP Paribas lowered shares of United Airlines from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $38.00 to $33.00 in a report on Thursday, July 7th. Barclays dropped their target price on shares of United Airlines from $58.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, July 8th. Finally, Exane BNP Paribas lowered shares of United Airlines from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $38.00 to $33.00 in a report on Thursday, July 7th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.47.

Insider Transactions at United Airlines

In other United Airlines news, Director Edward Shapiro purchased 50,000 shares of United Airlines stock in a transaction dated Monday, June 13th. The shares were acquired at an average price of $37.69 per share, with a total value of $1,884,500.00. Following the completion of the transaction, the director now owns 100,000 shares of the company’s stock, valued at $3,769,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, COO Jonathan Roitman sold 13,939 shares of the firm’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $36.85, for a total value of $513,652.15. Following the sale, the chief operating officer now owns 13,938 shares of the company’s stock, valued at $513,615.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward Shapiro bought 50,000 shares of United Airlines stock in a transaction that occurred on Monday, June 13th. The stock was purchased at an average cost of $37.69 per share, for a total transaction of $1,884,500.00. Following the acquisition, the director now owns 100,000 shares of the company’s stock, valued at $3,769,000. The disclosure for this purchase can be found here. Corporate insiders own 0.37% of the company’s stock.

United Airlines Trading Up 0.4 %

NASDAQ UAL opened at $35.31 on Friday. The firm’s 50-day moving average is $37.53 and its two-hundred day moving average is $41.57. United Airlines Holdings, Inc. has a 12 month low of $30.54 and a 12 month high of $54.52. The company has a debt-to-equity ratio of 7.41, a current ratio of 1.04 and a quick ratio of 0.99. The stock has a market capitalization of $11.54 billion, a P/E ratio of -9.32 and a beta of 1.29.

United Airlines (NASDAQ:UALGet Rating) last posted its earnings results on Wednesday, July 20th. The transportation company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.34). The company had revenue of $12.11 billion during the quarter, compared to analyst estimates of $12.11 billion. United Airlines had a negative net margin of 3.43% and a negative return on equity of 38.92%. The company’s quarterly revenue was up 121.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($3.91) EPS. On average, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 0.43 earnings per share for the current year.

United Airlines Profile

(Get Rating)

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, training, and maintenance services for third parties.

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

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