Entropy Technologies LP Buys 54,079 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Entropy Technologies LP has increased its stake in United Airlines by 466.5%, acquiring an additional 54,079 shares, bringing its total holdings to 65,671 shares valued at $4.5 million.
• Recent insider transactions have seen President Brett J. Hart and EVP Torbjorn J. Enqvist sell a combined 45,672 shares of United Airlines stock, indicating a modest decline in their ownership stakes.
• Despite a 1.5% increase in stock price, analysts have mixed ratings for United Airlines, with one lowering its rating from "buy" to "hold" while others maintain "buy" recommendations with price targets ranging from $100 to $127.

Entropy Technologies LP grew its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 466.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,671 shares of the transportation company's stock after purchasing an additional 54,079 shares during the period. Entropy Technologies LP's holdings in United Airlines were worth $4,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Resona Asset Management Co. Ltd. bought a new stake in United Airlines during the 4th quarter worth approximately $216,000. Aviva PLC bought a new stake in United Airlines during the 4th quarter worth approximately $306,000. Envestnet Asset Management Inc. grew its position in United Airlines by 88.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 223,309 shares of the transportation company's stock worth $21,683,000 after acquiring an additional 104,989 shares during the last quarter. FIL Ltd bought a new stake in United Airlines during the 4th quarter worth approximately $2,590,000. Finally, APG Asset Management N.V. bought a new stake in United Airlines during the 4th quarter worth approximately $4,295,000. 69.69% of the stock is currently owned by institutional investors.

Insider Transactions at United Airlines

In other news, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the transaction, the president directly owned 283,638 shares in the company, valued at $25,385,601. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of the transaction, the executive vice president owned 62,358 shares in the company, valued at $5,750,654.76. This represents a 24.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,672 shares of company stock worth $4,144,411 in the last three months. Insiders own 0.71% of the company's stock.

United Airlines Stock Up 1.5%

Shares of UAL opened at $89.29 on Friday. The firm has a market capitalization of $28.91 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 1.15 and a beta of 1.48. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. The business's fifty day moving average price is $83.71 and its two-hundred day moving average price is $82.40. United Airlines Holdings Inc has a 52 week low of $40.13 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The business had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. During the same period last 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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen lowered United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Barclays restated an "overweight" rating and set a $100.00 price target (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. UBS Group increased their price target on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Finally, TD Cowen increased their price objective on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Two research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target 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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