United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY cut its stake in United Airlines Holdings, Inc. (NASDAQ:UALGet Rating) by 46.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,982 shares of the transportation company’s stock after selling 17,017 shares during the period. Metropolitan Life Insurance Co NY’s holdings in United Airlines were worth $926,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, COO Jonathan Roitman sold 13,939 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $36.85, for a total transaction of $513,652.15. Following the completion of the sale, the chief operating officer now directly owns 13,938 shares of the company’s stock, valued at approximately $513,615.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Jonathan Roitman sold 13,939 shares of the firm’s stock in a transaction dated Tuesday, June 14th. The stock was sold at an average price of $36.85, for a total transaction of $513,652.15. Following the completion of the sale, the chief operating officer now directly owns 13,938 shares of the company’s stock, valued at approximately $513,615.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward Shapiro purchased 50,000 shares of the business’s stock in a transaction dated Monday, June 13th. The shares were purchased at an average cost of $37.69 per share, with a total value of $1,884,500.00. Following the completion of the purchase, the director now directly owns 100,000 shares in the company, 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 Stock Up 0.4 %

Shares of NASDAQ UAL opened at $35.31 on Monday. United Airlines Holdings, Inc. has a one year low of $30.54 and a one year high of $54.52. The company has a debt-to-equity ratio of 7.41, a quick ratio of 0.99 and a current ratio of 1.04. The business has a 50-day moving average price of $37.53 and a two-hundred day moving average price of $41.57.

United Airlines (NASDAQ:UALGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The transportation company reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.34). United Airlines had a negative return on equity of 38.92% and a negative net margin of 3.43%. The business had revenue of $12.11 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the previous year, the business posted ($3.91) earnings per share. The company’s revenue was up 121.4% compared to the same quarter last year. As a group, equities analysts expect that United Airlines Holdings, Inc. will post 0.4 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Melius assumed coverage on United Airlines in a report on Monday, August 15th. They set a “buy” rating on the stock. Evercore ISI lowered their price target on United Airlines to $38.00 in a report on Friday, July 22nd. Exane BNP Paribas lowered United Airlines from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $38.00 to $33.00 in a report on Thursday, July 7th. Susquehanna lowered United Airlines from a “positive” rating to a “neutral” rating and set a $35.00 price target on the stock. in a report on Wednesday, August 3rd. Finally, Argus lowered United Airlines from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $53.47.

United Airlines Company 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.

See Also

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

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