Atria Wealth Solutions Inc. Lowers Stock Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

Atria Wealth Solutions Inc. reduced its position in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 16.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,872 shares of the transportation company’s stock after selling 1,123 shares during the period. Atria Wealth Solutions Inc.’s holdings in United Airlines were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital A Wealth Management LLC purchased a new position in United Airlines in the fourth quarter valued at $31,000. Eastern Bank purchased a new position in United Airlines in the first quarter valued at $35,000. Ameriflex Group Inc. purchased a new position in United Airlines in the fourth quarter valued at $58,000. CENTRAL TRUST Co boosted its holdings in United Airlines by 57.2% in the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 297 shares during the period. Finally, Blume Capital Management Inc. boosted its holdings in United Airlines by 75.5% in the first quarter. Blume Capital Management Inc. now owns 930 shares of the transportation company’s stock valued at $64,000 after purchasing an additional 400 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UAL has been the subject of a number of recent research reports. Susquehanna lifted their target price on United Airlines from $81.00 to $109.00 and gave the company a “positive” rating in a report on Tuesday, July 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a report on Tuesday, May 13th. Barclays reiterated an “overweight” rating and issued a $100.00 target price (up from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Cowen reiterated a “buy” rating on shares of United Airlines in a report on Tuesday, July 15th. Finally, UBS Group lifted their price target on United Airlines from $103.00 to $114.00 and gave the stock a “buy” rating in a report on Tuesday, July 15th. Two analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, United Airlines currently has an average rating of “Buy” and an average price target of $111.43.

United Airlines Price Performance

Shares of UAL opened at $99.14 on Friday. United Airlines Holdings Inc has a twelve month low of $40.96 and a twelve month high of $116.00. The stock’s 50 day moving average is $84.96 and its two-hundred day moving average is $82.33. The firm has a market capitalization of $32.09 billion, a PE ratio of 9.93, a P/E/G ratio of 1.29 and a beta of 1.48. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The company had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. During the same quarter in the previous year, the company earned $4.14 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Research analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insider Buying and Selling at United Airlines

In other news, Director Michelle Freyre sold 900 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director owned 829 shares of the company’s stock, valued at $76,375.77. The trade was a 52.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barney Harford sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total value of $879,840.00. Following the sale, the director directly owned 80,000 shares in the company, valued at $7,820,800. This trade represents a 10.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,791 shares of company stock worth $9,992,318. Corporate insiders own 0.71% of the company’s stock.

About United Airlines

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.