Guggenheim Capital LLC Sells 16,403 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Guggenheim Capital LLC trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 34.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,545 shares of the transportation company’s stock after selling 16,403 shares during the period. Guggenheim Capital LLC’s holdings in United Airlines were worth $1,396,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UAL. Capital International Investors bought a new stake in shares of United Airlines in the first quarter valued at about $351,299,000. Renaissance Technologies LLC raised its holdings in United Airlines by 247.3% during the fourth quarter. Renaissance Technologies LLC now owns 6,025,263 shares of the transportation company’s stock worth $227,152,000 after acquiring an additional 4,290,600 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in United Airlines by 1,613.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,695,977 shares of the transportation company’s stock worth $139,338,000 after acquiring an additional 3,480,233 shares in the last quarter. Altimeter Capital Management LP bought a new stake in United Airlines during the first quarter worth about $115,175,000. Finally, GMT Capital Corp bought a new stake in United Airlines during the first quarter worth about $98,000,000. 70.37% of the stock is currently owned by institutional investors.

United Airlines Trading Down 0.2 %

Shares of NASDAQ:UAL opened at $49.72 on Friday. The company has a market capitalization of $16.31 billion, a P/E ratio of 6.17 and a beta of 1.41. United Airlines Holdings, Inc. has a 1 year low of $31.58 and a 1 year high of $58.23. The company has a debt-to-equity ratio of 3.49, a current ratio of 0.91 and a quick ratio of 0.86. The business’s 50 day simple moving average is $53.17 and its 200 day simple moving average is $48.63.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Thursday, July 20th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $1.00. The business had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $13.90 billion. United Airlines had a return on equity of 48.89% and a net margin of 5.24%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.43 earnings per share. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 11.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Gerald Laderman sold 4,491 shares of the stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $57.05, for a total transaction of $256,211.55. Following the sale, the chief financial officer now owns 133,213 shares of the company’s stock, valued at $7,599,801.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other United Airlines news, EVP Gregory L. Hart sold 12,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $52.26, for a total value of $627,120.00. Following the sale, the executive vice president now owns 26,434 shares of the company’s stock, valued at approximately $1,381,440.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Gerald Laderman sold 4,491 shares of the firm’s stock in a transaction on Monday, July 24th. The shares were sold at an average price of $57.05, for a total value of $256,211.55. Following the sale, the chief financial officer now directly owns 133,213 shares in the company, valued at approximately $7,599,801.65. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on UAL. Raymond James upped their target price on United Airlines from $72.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, July 21st. Citigroup boosted their price target on United Airlines from $75.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. Morgan Stanley boosted their price target on United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. StockNews.com downgraded United Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Redburn Partners raised United Airlines from a “neutral” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, United Airlines currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.14.

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.