Guggenheim Capital LLC Buys 1,464 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Guggenheim Capital LLC boosted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,882 shares of the transportation company’s stock after acquiring an additional 1,464 shares during the quarter. Guggenheim Capital LLC’s holdings in United Airlines were worth $647,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of UAL. Capital International Investors purchased a new position in United Airlines during the 1st quarter valued at $351,299,000. Altimeter Capital Management LP purchased a new position in United Airlines during the 1st quarter valued at $115,175,000. Ensign Peak Advisors Inc lifted its holdings in shares of United Airlines by 1,248.8% in the 1st quarter. Ensign Peak Advisors Inc now owns 1,474,058 shares of the transportation company’s stock worth $68,337,000 after buying an additional 1,364,768 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of United Airlines by 202.7% in the 3rd quarter. Renaissance Technologies LLC now owns 1,734,663 shares of the transportation company’s stock worth $56,429,000 after buying an additional 1,161,663 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of United Airlines by 403.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,240,877 shares of the transportation company’s stock worth $57,527,000 after buying an additional 994,335 shares during the period. Hedge funds and other institutional investors own 59.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays upped their target price on United Airlines from $45.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 18th. BNP Paribas upgraded United Airlines from an “underperform” rating to an “outperform” rating and set a $70.00 target price for the company in a report on Tuesday. Morgan Stanley upgraded United Airlines from an “equal weight” rating to an “overweight” rating and set a $67.00 target price for the company in a report on Monday, December 5th. Argus upgraded United Airlines from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, December 6th. Finally, The Goldman Sachs Group assumed coverage on United Airlines in a research note on Friday, December 16th. They set a “buy” rating and a $51.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, United Airlines has an average rating of “Hold” and a consensus price target of $54.75.

United Airlines Stock Down 3.9 %

United Airlines stock opened at $52.12 on Friday. The company has a market capitalization of $17.05 billion, a P/E ratio of 24.02 and a beta of 1.43. United Airlines Holdings, Inc. has a fifty-two week low of $31.58 and a fifty-two week high of $55.04. The stock has a 50-day simple moving average of $48.86 and a 200-day simple moving average of $42.49. The company has a debt-to-equity ratio of 4.12, a quick ratio of 0.95 and a current ratio of 1.00.

United Airlines (NASDAQ:UAL – Get Rating) last issued its quarterly earnings results on Tuesday, January 17th. The transportation company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.39. United Airlines had a return on equity of 17.15% and a net margin of 1.64%. The firm had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $12.23 billion. During the same quarter in the previous year, the firm posted ($1.60) EPS. The firm’s revenue for the quarter was up 51.4% on a year-over-year basis. Equities research analysts expect that United Airlines Holdings, Inc. will post 8.24 earnings per share for the current year.

Insider Transactions at United Airlines

In related news, VP Chris Kenny sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $48.94, for a total value of $783,040.00. Following the sale, the vice president now owns 8,132 shares of the company’s stock, valued at approximately $397,980.08. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director James A. C. Kennedy acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, December 14th. The stock was acquired at an average cost of $39.72 per share, for a total transaction of $79,440.00. Following the acquisition, the director now directly owns 16,596 shares in the company, valued at approximately $659,193.12. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Chris Kenny sold 16,000 shares of the company’s stock in a transaction on Friday, February 10th. The stock was sold at an average price of $48.94, for a total value of $783,040.00. Following the sale, the vice president now owns 8,132 shares of the company’s stock, valued at $397,980.08. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.

United Airlines Profile

(Get Rating)

United Airlines Holdings, Inc is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.