Fox Run Management L.L.C. Buys 9,496 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Fox Run Management L.L.C. increased its stake in United Airlines by 151.8%, acquiring an additional 9,496 shares during the first quarter, bringing its total holdings to 15,752 shares valued at $1,088,000.
• United Airlines reported $3.87 earnings per share (EPS) for the quarter, which surpassed the consensus estimate of $3.81, while their quarterly revenue was $15.24 billion, slightly below the expected $15.31 billion.
• Insider activities included EVP Torbjorn J. Enqvist selling 20,000 shares at an average price of $92.22, marking a significant decrease in their position by 24.28%.

Fox Run Management L.L.C. grew its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 151.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,752 shares of the transportation company's stock after acquiring an additional 9,496 shares during the quarter. Fox Run Management L.L.C.'s holdings in United Airlines were worth $1,088,000 as of its most recent SEC filing.

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

United Airlines Stock Down 0.7%

NASDAQ UAL opened at $99.14 on Friday. The stock's 50-day moving average price is $84.96 and its 200-day moving average price is $82.33. The company has a market capitalization of $32.09 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 1.29 and a beta of 1.48. United Airlines Holdings Inc has a 52 week low of $40.96 and a 52 week high of $116.00. 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 (NASDAQ:UAL - Get Free Report) last issued its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The firm's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $4.14 EPS. On average, equities research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insider Activity at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the sale, the executive vice president owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction that occurred 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 completion of the sale, the director directly owned 829 shares in the company, valued at approximately $76,375.77. The trade was a 52.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock worth $9,992,318 in the last three months. Corporate insiders own 0.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Cantor Fitzgerald set a $88.00 target price on United Airlines in a research report on Tuesday, April 22nd. TD Cowen raised their target price on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Evercore ISI reissued an "outperform" rating and issued a $105.00 target price on shares of United Airlines in a research report on Thursday, July 17th. Barclays reissued an "overweight" rating and issued a $100.00 target price (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Bank of America raised their target price on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $111.43.

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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