United Airlines Holdings Inc (NASDAQ:UAL) Shares Sold by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC reduced its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 80.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,385 shares of the transportation company's stock after selling 26,278 shares during the quarter. HighPoint Advisor Group LLC's holdings in United Airlines were worth $440,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Capital A Wealth Management LLC acquired a new stake in shares of United Airlines in the 4th quarter valued at about $31,000. Murphy & Mullick Capital Management Corp acquired a new stake in shares of United Airlines in the 4th quarter valued at about $36,000. Ameriflex Group Inc. acquired a new stake in shares of United Airlines in the 4th quarter valued at about $58,000. CENTRAL TRUST Co boosted its position in shares of United Airlines by 57.2% in the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock valued at $56,000 after purchasing an additional 297 shares during the period. Finally, Tucker Asset Management LLC boosted its position in shares of United Airlines by 87.4% in the 4th quarter. Tucker Asset Management LLC now owns 821 shares of the transportation company's stock valued at $80,000 after purchasing an additional 383 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction 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 in the company, valued at approximately $5,750,654.76. This represents a 24.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.71% of the company's stock.

United Airlines Price Performance

NASDAQ:UAL traded up $1.38 during trading hours on Friday, reaching $91.11. 5,260,638 shares of the company traded hands, compared to its average volume of 7,927,403. The firm's 50-day moving average is $81.31 and its 200-day moving average is $83.79. The stock has a market cap of $29.50 billion, a P/E ratio of 9.13, a P/E/G ratio of 1.16 and a beta of 1.42. 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 1-year low of $37.02 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. The firm 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%. United Airlines's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.14 EPS. Equities research analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Raymond James Financial cut United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Jefferies Financial Group cut their target price on United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Barclays reissued an "overweight" rating and set a $100.00 target price (up from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Cantor Fitzgerald set a $88.00 target price on United Airlines in a research note on Tuesday, April 22nd. Finally, Evercore ISI reissued an "outperform" rating and set a $105.00 target price on shares of United Airlines in a research note on Thursday, July 17th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target 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.