Atlantic Union Bankshares Corp bought a new position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,286 shares of the transportation company’s stock, valued at approximately $102,000.
Other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. lifted its stake in United Airlines by 40.1% during the second quarter. First Horizon Advisors Inc. now owns 1,042 shares of the transportation company’s stock worth $83,000 after purchasing an additional 298 shares during the last quarter. Genus Capital Management Inc. bought a new position in shares of United Airlines in the 2nd quarter worth about $2,953,000. Moors & Cabot Inc. boosted its holdings in shares of United Airlines by 11.9% in the 2nd quarter. Moors & Cabot Inc. now owns 3,750 shares of the transportation company’s stock valued at $299,000 after buying an additional 400 shares during the period. State of Michigan Retirement System grew its position in shares of United Airlines by 2.6% during the 2nd quarter. State of Michigan Retirement System now owns 91,528 shares of the transportation company’s stock valued at $7,288,000 after buying an additional 2,300 shares during the last quarter. Finally, iA Global Asset Management Inc. grew its position in shares of United Airlines by 58.5% during the 2nd quarter. iA Global Asset Management Inc. now owns 66,012 shares of the transportation company’s stock valued at $5,257,000 after buying an additional 24,370 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.
United Airlines Trading Down 1.3%
Shares of UAL stock opened at $96.14 on Tuesday. United Airlines Holdings Inc has a 1 year low of $52.00 and a 1 year high of $116.00. The firm has a market capitalization of $31.12 billion, a PE ratio of 9.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.45. The stock has a fifty day moving average of $100.15 and a two-hundred day moving average of $89.94. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.61 and a current ratio of 0.67.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on UAL shares. Jefferies Financial Group lifted their target price on United Airlines from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. Susquehanna boosted their price objective on United Airlines from $109.00 to $115.00 and gave the company a “positive” rating in a research report on Friday, October 3rd. Barclays increased their target price on United Airlines from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Friday, October 17th. Morgan Stanley reiterated an “overweight” rating and issued a $140.00 target price on shares of United Airlines in a research note on Friday, October 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of United Airlines from $149.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $124.93.
Get Our Latest Stock Report on United Airlines
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.
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