Legacy Capital Group California Inc. Makes New $202,000 Investment in United Airlines Holdings Inc (NASDAQ:UAL)

Legacy Capital Group California Inc. bought a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,925 shares of the transportation company's stock, valued at approximately $202,000.

Several other institutional investors also recently made changes to their positions in the stock. Capital International Investors boosted its holdings in United Airlines by 6.3% during the fourth quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock worth $2,064,825,000 after buying an additional 1,257,443 shares in the last quarter. Sanders Capital LLC lifted its position 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 valued at $1,344,671,000 after acquiring an additional 4,390,721 shares during the period. Capital World Investors boosted its stake in shares of United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after acquiring an additional 1,791,654 shares in the last quarter. FMR LLC grew its holdings in shares of United Airlines by 70.9% in the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock worth $705,798,000 after acquiring an additional 3,015,979 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in United Airlines by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,885,009 shares of the transportation company's stock valued at $571,490,000 after purchasing an additional 392,610 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group upped their target price on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a report on Tuesday, April 22nd. Susquehanna upped 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. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Bank of America upped their target price on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $111.43.

United Airlines Stock Performance

NASDAQ:UAL opened at $88.87 on Thursday. The firm's fifty day simple moving average is $83.32 and its 200 day simple moving average is $82.85. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a twelve month low of $38.65 and a twelve month high of $116.00. The firm has a market capitalization of $28.77 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 1.13 and a beta of 1.48.

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. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The company had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter in the prior year, the business earned $4.14 earnings per share. The company's revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the completion of the sale, the president directly owned 283,638 shares of the company's stock, valued at approximately $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 accessible through this link. Also, 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 completion of the transaction, the director owned 829 shares in the company, valued at $76,375.77. This represents a 52.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,672 shares of company stock worth $4,144,411 in the last 90 days. 0.71% of the stock is owned by company insiders.

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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