Eagle Global Advisors LLC Buys Shares of 9,650 United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Eagle Global Advisors LLC invested approximately $666,000 in United Airlines by acquiring 9,650 shares during the first quarter.
• Several institutional investors have increased their holdings in United Airlines, with 69.69% of the stock now owned by institutional investors.
• United Airlines reported a quarterly EPS of $3.87, exceeding analysts' estimates and reflecting a 1.4% increase in revenue compared to the same period last year.

Eagle Global Advisors LLC purchased a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,650 shares of the transportation company's stock, valued at approximately $666,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in UAL. Capital A Wealth Management LLC purchased a new stake in shares of United Airlines during the 4th quarter worth $31,000. Hemington Wealth Management raised its position in shares of United Airlines by 50.6% in the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Eastern Bank purchased a new position in shares of United Airlines in the first quarter worth $35,000. CENTRAL TRUST Co raised its holdings in shares of United Airlines by 57.2% in the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after buying an additional 297 shares during the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of United Airlines in the fourth quarter worth $58,000. 69.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of research analyst reports. Wall Street Zen lowered United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Susquehanna raised their price objective on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a research report on Tuesday, April 22nd. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Finally, Evercore ISI reiterated an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $111.43.

United Airlines Price Performance

NASDAQ UAL traded down $0.65 during trading hours on Thursday, hitting $99.14. 3,875,107 shares of the company's stock traded hands, compared to its average volume of 8,097,696. The company has a market capitalization of $32.09 billion, a PE ratio of 9.93, a PEG ratio of 1.27 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 Holdings Inc has a 52-week low of $40.96 and a 52-week high of $116.00. The firm's 50-day moving average is $84.58 and its 200-day moving average is $82.38.

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

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.