Boston Partners Has $193.03 Million Stock Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Boston Partners reduced its stake in United Airlines by 15.5%, now holding 2,800,260 shares worth approximately $193 million.
• United Airlines reported $3.87 earnings per share, exceeding analysts' expectations, although revenues fell slightly short at $15.24 billion.
• Research firms have varied ratings for UAL, with 13 analysts issuing a buy rating and price targets ranging between $100 and $114.

Boston Partners trimmed its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 15.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,800,260 shares of the transportation company's stock after selling 511,914 shares during the quarter. Boston Partners owned about 0.86% of United Airlines worth $193,031,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in shares of United Airlines by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company's stock valued at $105,000,000 after buying an additional 16,477 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of United Airlines during the first quarter valued at about $15,089,000. Generate Investment Management Ltd acquired a new position in shares of United Airlines during the first quarter valued at about $10,773,000. Exchange Traded Concepts LLC grew its holdings in shares of United Airlines by 132.9% during the first quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock valued at $518,000 after buying an additional 4,281 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of United Airlines by 7,225.9% during the first quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock valued at $24,898,000 after buying an additional 355,657 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Price Performance

UAL stock opened at $99.79 on Thursday. 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 Holdings Inc has a one year low of $40.13 and a one year high of $116.00. The stock has a market cap of $32.31 billion, a PE ratio of 10.00, a P/E/G ratio of 1.27 and a beta of 1.48. The firm has a 50 day simple moving average of $84.58 and a two-hundred day simple moving average of $82.38.

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

Insider Activity

In related news, President Brett J. Hart sold 24,772 shares of the company's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the completion of the sale, the president directly owned 283,638 shares in the company, valued at $25,385,601. This represents a 8.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Barney Harford sold 9,000 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total transaction of $879,840.00. Following the sale, the director owned 80,000 shares of the company's stock, valued at $7,820,800. This represents a 10.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,495 shares of company stock valued at $6,448,796. 0.71% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UAL. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Evercore ISI restated an "outperform" rating and set a $105.00 price target on shares of United Airlines in a report on Thursday, July 17th. Bank of America boosted their price target on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, July 18th. UBS Group boosted their price target on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Finally, Barclays restated an "overweight" rating and set a $100.00 price target (up from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $111.43.

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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