Park Avenue Securities LLC Sells 617 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Park Avenue Securities LLC trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UALFree Report) by 9.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,267 shares of the transportation company’s stock after selling 617 shares during the period. Park Avenue Securities LLC’s holdings in United Airlines were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of UAL. LPL Financial LLC increased its stake in United Airlines by 3.2% in the 3rd quarter. LPL Financial LLC now owns 165,821 shares of the transportation company’s stock valued at $7,014,000 after buying an additional 5,211 shares during the last quarter. Mariner LLC increased its position in shares of United Airlines by 17.6% in the third quarter. Mariner LLC now owns 23,258 shares of the transportation company’s stock valued at $984,000 after acquiring an additional 3,487 shares during the last quarter. Stifel Financial Corp boosted its position in United Airlines by 2.7% during the third quarter. Stifel Financial Corp now owns 76,414 shares of the transportation company’s stock valued at $3,232,000 after purchasing an additional 1,985 shares during the last quarter. Algert Global LLC grew its stake in United Airlines by 31.3% in the third quarter. Algert Global LLC now owns 6,816 shares of the transportation company’s stock valued at $288,000 after purchasing an additional 1,624 shares in the last quarter. Finally, Natixis Advisors L.P. increased its position in shares of United Airlines by 9.8% during the 3rd quarter. Natixis Advisors L.P. now owns 73,674 shares of the transportation company’s stock worth $3,116,000 after purchasing an additional 6,548 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the transaction, the executive vice president now directly owns 57,512 shares in the company, valued at $2,925,060.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.63% of the company’s stock.

United Airlines Stock Up 1.0 %

NASDAQ UAL opened at $48.66 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. The company has a market cap of $16.00 billion, a price-to-earnings ratio of 6.01, a PEG ratio of 0.48 and a beta of 1.47. The company has a 50 day moving average of $52.00 and a 200-day moving average of $46.23. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $58.23.

United Airlines (NASDAQ:UALGet Free Report) last released its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.38. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The firm had revenue of $12.54 billion during the quarter, compared to the consensus estimate of $12.43 billion. On average, equities research analysts expect that United Airlines Holdings, Inc. will post 9.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UAL has been the subject of several analyst reports. Susquehanna raised their target price on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, April 18th. Raymond James boosted their price objective on shares of United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. HSBC started coverage on United Airlines in a report on Monday, May 13th. They set a “buy” rating and a $69.20 price target for the company. Wolfe Research upgraded United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a research note on Friday, May 17th. Finally, Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Thursday, June 6th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.89.

View Our Latest Research Report on UAL

United Airlines Profile

(Free Report)

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, flight academy, and maintenance services for third parties.

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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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