Dorsey Wright & Associates Acquires 43,632 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Dorsey Wright & Associates grew its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 312.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,601 shares of the transportation company's stock after purchasing an additional 43,632 shares during the period. Dorsey Wright & Associates' holdings in United Airlines were worth $3,977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Sanders Capital LLC lifted its holdings in shares of United Airlines by 46.4% during the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after acquiring an additional 4,390,721 shares during the period. FMR LLC lifted its holdings in United Airlines by 70.9% during the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after purchasing an additional 3,015,979 shares during the last quarter. Senator Investment Group LP lifted its holdings in United Airlines by 214.8% during the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock valued at $316,648,000 after purchasing an additional 2,225,000 shares during the last quarter. Capital World Investors lifted its holdings in United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after purchasing an additional 1,791,654 shares during the last quarter. Finally, Susquehanna Advisors Group Inc. bought a new position in United Airlines during the 4th quarter valued at about $173,211,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Trading Up 1.5%

NASDAQ UAL traded up $1.38 during trading on Friday, reaching $91.11. 5,260,638 shares of the stock traded hands, compared to its average volume of 7,927,403. The firm has a market cap of $29.50 billion, a price-to-earnings ratio of 9.13, a price-to-earnings-growth ratio of 1.16 and a beta of 1.42. The stock's 50-day moving average price is $81.31 and its 200 day moving average price is $83.79. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued 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. The firm had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.14 earnings per share. Analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Susquehanna lifted their price target on shares of United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a report on Tuesday, July 15th. Cowen reissued a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Evercore ISI reissued an "outperform" rating and set a $105.00 price target on shares of United Airlines in a report on Thursday, July 17th. Wall Street Zen downgraded shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Two 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 stock. Based on data from MarketBeat, United Airlines has a consensus rating of "Buy" and a consensus target price of $111.43.

Insiders Place Their Bets

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $92.22, for a total value of $1,844,400.00. Following the transaction, the executive vice president owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. The trade was a 24.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.71% of the company's stock.

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.