M&T Bank Corp Has $653,000 Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

M&T Bank Corp lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,761 shares of the transportation company’s stock after purchasing an additional 440 shares during the period. M&T Bank Corp’s holdings in United Airlines were worth $653,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Cornercap Investment Counsel Inc. raised its stake in shares of United Airlines by 4.4% during the first quarter. Cornercap Investment Counsel Inc. now owns 20,962 shares of the transportation company’s stock worth $928,000 after buying an additional 884 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of United Airlines by 31.5% during the first quarter. EverSource Wealth Advisors LLC now owns 3,484 shares of the transportation company’s stock worth $154,000 after buying an additional 835 shares during the last quarter. FMR LLC raised its stake in shares of United Airlines by 33.6% during the first quarter. FMR LLC now owns 6,572,951 shares of the transportation company’s stock worth $290,853,000 after buying an additional 1,654,181 shares during the last quarter. ExodusPoint Capital Management LP raised its stake in shares of United Airlines by 213.6% during the first quarter. ExodusPoint Capital Management LP now owns 142,320 shares of the transportation company’s stock worth $6,298,000 after buying an additional 96,938 shares during the last quarter. Finally, Natixis Advisors L.P. raised its stake in shares of United Airlines by 1.6% during the first quarter. Natixis Advisors L.P. now owns 57,659 shares of the transportation company’s stock worth $2,551,000 after buying an additional 918 shares during the last quarter. 70.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of United Airlines from a “buy” rating to a “hold” rating in a research note on Wednesday. Redburn Partners raised 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 note on Monday, August 7th. JPMorgan Chase & Co. upped their target price on shares of United Airlines from $70.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. Raymond James upped their target price on shares of United Airlines from $72.00 to $76.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. Finally, TD Cowen upped their target price on shares of United Airlines from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, United Airlines presently has an average rating of “Moderate Buy” and a consensus target price of $70.14.

Insider Buying and Selling

In other United Airlines news, 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 value of $256,211.55. Following the completion of the transaction, the chief financial officer now directly owns 133,213 shares in the company, valued at $7,599,801.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Gregory L. Hart sold 12,000 shares of the business’s stock in a transaction 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 directly owns 26,434 shares in the company, valued at $1,381,440.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Gerald Laderman sold 4,491 shares of the business’s stock in a transaction 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 transaction, 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 currently owned by corporate insiders.

United Airlines Stock Down 0.2 %

United Airlines stock opened at $49.72 on Friday. The stock has a market capitalization of $16.31 billion, a PE ratio of 6.17 and a beta of 1.41. United Airlines Holdings, Inc. has a twelve month low of $31.58 and a twelve month high of $58.23. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 3.49. The company has a 50 day moving average of $53.17 and a 200-day moving average of $48.68.

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

United Airlines 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.