3,040 Shares in United Airlines Holdings Inc (NASDAQ:UAL) Bought by American Alpha Advisors LLC

Key Points

• American Alpha Advisors LLC acquired 3,040 shares of United Airlines Holdings Inc during the 1st quarter, with the investment valued at approximately $210,000.
• Insider trading activity included Director Michelle Freyre selling 900 shares, leading to a significant decrease in ownership, while President Brett J. Hart sold nearly 25,000 shares, also reducing their stake in the company.
• United Airlines reported $3.87 earnings per share for the last quarter, exceeding analyst expectations, despite a slight year-over-year revenue increase of 1.4% to $15.24 billion.

American Alpha Advisors LLC purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,040 shares of the transportation company's stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UAL. Capital A Wealth Management LLC acquired a new stake in shares of United Airlines in the 4th quarter valued at $31,000. Hemington Wealth Management grew its holdings in United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after acquiring an additional 160 shares during the last quarter. Eastern Bank bought a new stake in United Airlines during the 1st quarter worth about $35,000. CENTRAL TRUST Co grew its holdings in United Airlines by 57.2% during the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after acquiring an additional 297 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in United Airlines during the 4th quarter valued at about $58,000. Institutional investors own 69.69% of the company's stock.

Insider Activity at United Airlines

In related news, Director Michelle Freyre sold 900 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.13, for a total value of $82,917.00. Following the completion of the transaction, the director owned 829 shares of the company's stock, valued at $76,375.77. The trade was a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the transaction, the president directly owned 283,638 shares of the company's stock, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,672 shares of company stock valued at $4,144,411 over the last quarter. 0.71% of the stock is owned by corporate insiders.

United Airlines Trading Up 1.5%

Shares of United Airlines stock opened at $89.29 on Friday. The business has a fifty day simple moving average of $83.71 and a two-hundred day simple moving average of $82.40. United Airlines Holdings Inc has a 1 year low of $40.13 and a 1 year high of $116.00. The company has a market capitalization of $28.91 billion, a price-to-earnings ratio of 8.95, a P/E/G ratio of 1.15 and a beta of 1.48. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter last year, the firm earned $4.14 earnings per share. The company's revenue was up 1.4% on a year-over-year basis. Research analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Analyst Ratings Changes

UAL has been the topic of a number of research reports. Wall Street Zen downgraded shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Evercore ISI reissued an "outperform" rating and set a $105.00 target price on shares of United Airlines in a research note on Thursday, July 17th. UBS Group raised their price target on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Finally, Bank of America raised their price target on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, United Airlines presently has an average rating of "Buy" and an average target price of $111.43.

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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