Integrated Wealth Concepts LLC raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 13.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,243 shares of the transportation company’s stock after purchasing an additional 986 shares during the period. Integrated Wealth Concepts LLC’s holdings in United Airlines were worth $292,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. CENTRAL TRUST Co bought a new stake in shares of United Airlines during the first quarter worth about $35,000. Creative Financial Designs Inc. ADV increased its position in shares of United Airlines by 85.8% during the second quarter. Creative Financial Designs Inc. ADV now owns 929 shares of the transportation company’s stock worth $33,000 after acquiring an additional 429 shares in the last quarter. CVA Family Office LLC boosted its holdings in United Airlines by 643.1% during the second quarter. CVA Family Office LLC now owns 966 shares of the transportation company’s stock worth $34,000 after purchasing an additional 836 shares during the last quarter. Acima Private Wealth LLC purchased a new position in United Airlines during the first quarter worth about $46,000. Finally, Prospera Financial Services Inc purchased a new position in United Airlines during the first quarter worth about $47,000. 63.72% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on UAL shares. Raymond James boosted their price target on shares of United Airlines from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, October 20th. Susquehanna cut shares of 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. Bank of America boosted their price target on shares of United Airlines from $35.00 to $40.00 and gave the stock an “underperform” rating in a report on Thursday, October 20th. TheStreet upgraded shares of United Airlines from a “d+” rating to a “c-” rating in a report on Tuesday, September 20th. Finally, Melius started coverage on shares of United Airlines in a report on Monday, August 15th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $52.85.
Insider Buying and Selling
United Airlines Stock Performance
Shares of UAL stock opened at $44.03 on Tuesday. The stock has a market capitalization of $14.39 billion, a P/E ratio of -18.58 and a beta of 1.35. The company has a current ratio of 1.03, a quick ratio of 0.98 and a debt-to-equity ratio of 5.84. The firm’s 50 day moving average is $37.86 and its 200 day moving average is $37.78. United Airlines Holdings, Inc. has a 12 month low of $30.54 and a 12 month high of $53.12.
United Airlines (NASDAQ:UAL – Get Rating) last posted its earnings results on Wednesday, October 19th. The transportation company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.66. The business had revenue of $12.88 billion for the quarter, compared to analyst estimates of $12.74 billion. United Airlines had a negative net margin of 1.85% and a negative return on equity of 11.42%. United Airlines’s revenue was up 66.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.02) EPS. On average, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 1.59 earnings per share for the current year.
United Airlines Company 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, training, and maintenance services for third parties.
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