Aigen Investment Management LP Reduces Stock Position in United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Aigen Investment Management LP reduced its stake in United Airlines by 56.1%, now holding only 4,919 shares valued at approximately $340,000.
• Most analysts maintain a positive outlook for United Airlines, with 13 buy ratings and a price target averaging $111.43, while the stock is currently valued at $99.79.
• Insider trading activity has been notable, with directors selling a combined total of over 70,495 shares in recent months, indicating a significant shift in insider ownership.

Aigen Investment Management LP cut its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 56.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,919 shares of the transportation company's stock after selling 6,293 shares during the period. Aigen Investment Management LP's holdings in United Airlines were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in UAL. Capital A Wealth Management LLC acquired a new position in United Airlines in the fourth quarter valued at approximately $31,000. Hemington Wealth Management lifted its holdings 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 acquiring an additional 160 shares during the last quarter. Eastern Bank acquired a new position in United Airlines in the first quarter valued at approximately $35,000. CENTRAL TRUST Co lifted its holdings in United Airlines by 57.2% in the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock valued at $56,000 after acquiring an additional 297 shares during the last quarter. Finally, Ameriflex Group Inc. acquired a new position in United Airlines in the fourth quarter valued at approximately $58,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on UAL shares. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Cowen restated a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Evercore ISI restated an "outperform" rating and set a $105.00 price target on shares of United Airlines in a research note on Thursday, July 17th. Barclays restated an "overweight" rating and set a $100.00 price target (up from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Finally, UBS Group upped their price target on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, United Airlines has an average rating of "Buy" and an average price target of $111.43.

United Airlines Stock Up 1.3%

United Airlines stock opened at $99.79 on Thursday. United Airlines Holdings Inc has a twelve month low of $40.13 and a twelve month high of $116.00. The stock's fifty day simple moving average is $84.58 and its 200-day simple moving average is $82.38. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $32.31 billion, a P/E ratio of 10.00, a P/E/G ratio of 1.27 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating the consensus estimate of $3.81 by $0.06. The firm had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. United Airlines's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.14 earnings per share. As a group, equities analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michelle Freyre sold 900 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.13, for a total value of $82,917.00. Following the transaction, the director owned 829 shares of the company's stock, valued at $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Barney Harford sold 15,823 shares of the stock in a transaction on Friday, August 8th. The shares were sold at an average price of $90.03, for a total value of $1,424,544.69. Following the completion of the transaction, the director directly owned 89,000 shares in the company, valued at $8,012,670. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,495 shares of company stock worth $6,448,796. 0.71% of the stock is owned by corporate insiders.

United Airlines Company 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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