Acadian Asset Management LLC Buys 3,072 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Acadian Asset Management LLC increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,179 shares of the transportation company’s stock after acquiring an additional 3,072 shares during the quarter. Acadian Asset Management LLC’s holdings in United Airlines were worth $1,863,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors acquired a new position in shares of United Airlines in the 1st quarter valued at $351,299,000. Renaissance Technologies LLC raised its stake in shares of United Airlines by 247.3% in the 4th quarter. Renaissance Technologies LLC now owns 6,025,263 shares of the transportation company’s stock valued at $227,152,000 after buying an additional 4,290,600 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of United Airlines by 1,613.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,695,977 shares of the transportation company’s stock valued at $139,338,000 after buying an additional 3,480,233 shares in the last quarter. Altimeter Capital Management LP acquired a new position in shares of United Airlines in the 1st quarter valued at $115,175,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of United Airlines by 1,054.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,472,998 shares of the transportation company’s stock valued at $16,151,000 after buying an additional 2,258,757 shares in the last quarter. Institutional investors own 70.37% of the company’s stock.

United Airlines Stock Down 0.2 %

Shares of NASDAQ UAL opened at $49.72 on Friday. The firm has a market capitalization of $16.31 billion, a PE ratio of 6.17 and a beta of 1.41. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 3.49. United Airlines Holdings, Inc. has a 1 year low of $31.58 and a 1 year high of $58.23. The firm’s 50-day moving average is $53.17 and its 200-day moving average is $48.68.

United Airlines (NASDAQ:UAL) last issued its earnings results on Thursday, July 20th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $1.00. United Airlines had a net margin of 5.24% and a return on equity of 48.89%. The company had revenue of $14.18 billion for the quarter, compared to analyst estimates of $13.90 billion. During the same quarter last year, the firm earned $1.43 EPS. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Equities analysts expect that United Airlines Holdings, Inc. will post 11.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on UAL shares. Bank of America increased their price objective on shares of United Airlines from $43.00 to $50.00 in a research note on Monday, June 26th. Raymond James increased their target price on shares of United Airlines from $72.00 to $76.00 and gave the stock an “outperform” rating in a research report on Friday, July 21st. StockNews.com cut shares of United Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday. Citigroup increased their target price on shares of United Airlines from $75.00 to $84.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. Finally, Redburn Partners upgraded shares of United Airlines from a “neutral” rating to a “buy” rating and set a $80.00 target price for the company 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $70.14.

Insider Buying and Selling

In related news, EVP Gregory L. Hart sold 12,000 shares of United Airlines stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $52.26, for a total transaction of $627,120.00. Following the transaction, the executive vice president now owns 26,434 shares of the company’s stock, valued at approximately $1,381,440.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Gregory L. Hart sold 12,000 shares of United Airlines stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $52.26, for a total transaction of $627,120.00. Following the transaction, the executive vice president now owns 26,434 shares of the company’s stock, valued at approximately $1,381,440.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gerald Laderman sold 4,491 shares of the firm’s 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 in the company, valued at $7,599,801.65. The disclosure for this sale can be found here. 0.37% of the stock is owned by insiders.

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.