Machina Capital S.A.S. purchased a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,423 shares of the transportation company’s stock, valued at approximately $2,646,000.
Several other large investors have also recently modified their holdings of UAL. Bank of New York Mellon Corp grew its position in United Airlines by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,416,537 shares of the transportation company’s stock worth $136,696,000 after acquiring an additional 16,478 shares during the last quarter. Blair William & Co. IL boosted its stake in shares of United Airlines by 16.3% during the second quarter. Blair William & Co. IL now owns 21,223 shares of the transportation company’s stock valued at $1,690,000 after purchasing an additional 2,967 shares during the period. Pitcairn Co. grew its holdings in shares of United Airlines by 194.2% in the second quarter. Pitcairn Co. now owns 23,576 shares of the transportation company’s stock worth $1,877,000 after purchasing an additional 15,563 shares during the last quarter. Bayforest Capital Ltd increased its stake in shares of United Airlines by 840.0% in the second quarter. Bayforest Capital Ltd now owns 9,550 shares of the transportation company’s stock worth $760,000 after buying an additional 8,534 shares during the period. Finally, Atria Investments Inc increased its stake in shares of United Airlines by 16.2% in the second quarter. Atria Investments Inc now owns 28,483 shares of the transportation company’s stock worth $2,268,000 after buying an additional 3,978 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.
United Airlines Price Performance
Shares of UAL opened at $110.86 on Wednesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.59 and a current ratio of 0.65. The firm’s 50-day simple moving average is $109.92 and its two-hundred day simple moving average is $102.11. United Airlines Holdings Inc has a fifty-two week low of $52.00 and a fifty-two week high of $119.21. The stock has a market cap of $35.89 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.57 and a beta of 1.30.
Insider Activity
In other news, CEO J Scott Kirby sold 120,000 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $107.86, for a total transaction of $12,943,200.00. Following the sale, the chief executive officer owned 666,535 shares in the company, valued at $71,892,465.10. This represents a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.63% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. BMO Capital Markets restated an “outperform” rating and issued a $132.50 price objective on shares of United Airlines in a research report on Thursday, January 22nd. JPMorgan Chase & Co. boosted their price target on United Airlines from $149.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Loop Capital set a $110.00 price objective on United Airlines in a report on Tuesday, October 21st. Citigroup reissued a “buy” rating on shares of United Airlines in a research note on Tuesday. Finally, Argus decreased their target price on United Airlines from $140.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, January 22nd. Fifteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, United Airlines has a consensus rating of “Moderate Buy” and an average target price of $135.97.
View Our Latest Research Report on United Airlines
About United Airlines
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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