1,407,852 United Airlines Holdings Inc $UAL Shares Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its United Airlines stake by 7,757.6%, acquiring 1.41 million shares for a total holding of 1.426 million shares valued at approximately $158.2 million. Institutional investors collectively own 69.69% of UAL.
• Analysts maintain a “Moderate Buy” consensus, with 16 Buy, one Hold and one Sell rating, and an average price target of $156.19 compared with the reported share price of $104.24.
• United Airlines slightly missed quarterly earnings expectations, reporting $2.54 in EPS versus $2.57 expected, while revenue rose 17.4% year over year to $17.88 billion. Executive Vice President Andrew Nocella separately sold 5,000 shares at an average price of $117.

International Assets Investment Management LLC grew its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 7,757.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,426,000 shares of the transportation company's stock after acquiring an additional 1,407,852 shares during the period. United Airlines comprises approximately 1.2% of International Assets Investment Management LLC's holdings, making the stock its 10th biggest holding. International Assets Investment Management LLC owned about 0.44% of United Airlines worth $158,215,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of UAL. Primecap Management Co. CA acquired a new position in shares of United Airlines during the second quarter worth $2,238,617,000. State Street Corp grew its stake in United Airlines by 1.4% in the second quarter. State Street Corp now owns 11,788,111 shares of the transportation company's stock worth $1,603,065,000 after purchasing an additional 162,283 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of United Airlines by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company's stock worth $521,330,000 after acquiring an additional 190,017 shares in the last quarter. Amundi increased its stake in United Airlines by 57.4% during the second quarter. Amundi now owns 1,916,864 shares of the transportation company's stock valued at $260,674,000 after purchasing an additional 699,334 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of United Airlines by 1.4% during the 1st quarter. Assetmark Inc. now owns 1,617,257 shares of the transportation company's stock valued at $148,901,000 after buying an additional 22,341 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on UAL shares. BMO Capital Markets dropped their target price on United Airlines from $140.00 to $135.00 and set an "outperform" rating on the stock in a research report on Thursday, October 22nd. Sanford C. Bernstein set a $160.00 target price on United Airlines in a report on Tuesday, October 20th. Weiss Ratings reissued a "hold (c+)" rating on shares of United Airlines in a report on Thursday, October 15th. Argus cut their price objective on United Airlines from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, October 22nd. Finally, Wells Fargo & Company decreased their target price on shares of United Airlines from $160.00 to $155.00 and set an "overweight" rating for the company in a report on Thursday, October 22nd. Sixteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $156.19.

Insider Activity at United Airlines

In other news, EVP Andrew Nocella sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total transaction of $585,000.00. Following the completion of the transaction, the executive vice president directly owned 214,955 shares in the company, valued at $25,149,735. The trade was a 2.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.86% of the stock is currently owned by company insiders.

United Airlines Stock Performance

Shares of UAL opened at $104.24 on Friday. United Airlines Holdings Inc has a one year low of $84.64 and a one year high of $138.77. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.68. The company has a market capitalization of $33.87 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The company's fifty day moving average price is $107.65 and its 200 day moving average price is $108.27.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.03). The business had revenue of $17.88 billion for the quarter, compared to the consensus estimate of $17.89 billion. United Airlines had a net margin of 5.46% and a return on equity of 17.59%. United Airlines's revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.78 EPS. As a group, analysts expect that United Airlines Holdings Inc will post 7.17 earnings per share for the current year.

United Airlines Profile

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.

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