Andra AP fonden trimmed its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 10.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,700 shares of the transportation company’s stock after selling 2,300 shares during the quarter. Andra AP fonden’s holdings in United Airlines were worth $1,648,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Hemington Wealth Management raised its position in United Airlines by 50.6% in the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 160 shares during the period. WPG Advisers LLC acquired a new stake in shares of United Airlines during the first quarter worth about $32,000. Eastern Bank purchased a new stake in United Airlines during the 1st quarter worth approximately $35,000. Banque Transatlantique SA acquired a new stake in United Airlines during the 1st quarter worth approximately $35,000. Finally, Strategic Investment Solutions Inc. IL boosted its position in United Airlines by 44.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company’s stock valued at $46,000 after buying an additional 177 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.
United Airlines Stock Up 1.8%
United Airlines stock opened at $97.43 on Friday. The company has a market capitalization of $31.54 billion, a P/E ratio of 9.76, a PEG ratio of 0.89 and a beta of 1.45. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.61 and a current ratio of 0.67. United Airlines Holdings Inc has a fifty-two week low of $52.00 and a fifty-two week high of $116.00. The stock has a 50-day simple moving average of $100.33 and a 200-day simple moving average of $89.60.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on UAL shares. TD Cowen increased their price objective on United Airlines from $127.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Morgan Stanley restated an “overweight” rating and set a $140.00 target price on shares of United Airlines in a research note on Friday, October 17th. Loop Capital set a $110.00 target price on shares of United Airlines in a report on Tuesday, October 21st. JPMorgan Chase & Co. boosted their price target on shares of United Airlines from $149.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Barclays increased their price objective on shares of United Airlines from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, United Airlines presently has an average rating of “Buy” and an average price target of $124.93.
Insiders Place Their Bets
In related news, EVP Kate Gebo sold 29,953 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total transaction of $2,923,113.27. Following the completion of the sale, the executive vice president owned 45,496 shares in the company, valued at $4,439,954.64. This represents a 39.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barney Harford sold 9,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total transaction of $879,840.00. Following the transaction, the director directly owned 80,000 shares in the company, valued at $7,820,800. The trade was a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 45,296 shares of company stock worth $4,423,362 over the last ninety days. Corporate insiders own 0.71% of the company’s stock.
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, flight academy, and maintenance services for third parties.
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