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LSV Asset Management Trims Stock Position in United Airlines Holdings Inc (NASDAQ:UAL)

United Airlines logo with Transportation background

Key Points

  • LSV Asset Management decreased its position in United Airlines by 2.9% to own 2,583,586 shares, valued at approximately $178.4 million.
  • United Airlines has received several optimistic analyst ratings and price target increases, with Barclays setting a new target of $100 and a consensus buy rating across the board.
  • In its latest earnings report, United Airlines reported $3.87 earnings per share, exceeding expectations, but revenue was slightly below the consensus estimate at $15.24 billion.
  • Five stocks to consider instead of United Airlines.

LSV Asset Management lessened its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,583,586 shares of the transportation company's stock after selling 78,160 shares during the period. LSV Asset Management owned 0.79% of United Airlines worth $178,397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Pacer Advisors Inc. lifted its stake in shares of United Airlines by 10,777.6% during the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after buying an additional 5,021,511 shares during the period. Sanders Capital LLC lifted its stake in shares of United Airlines by 46.4% during the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after buying an additional 4,390,721 shares during the period. FMR LLC lifted its stake in shares of United Airlines by 70.9% during the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after buying an additional 3,015,979 shares during the period. Senator Investment Group LP increased its position in United Airlines by 214.8% during the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock worth $316,648,000 after purchasing an additional 2,225,000 shares during the last quarter. Finally, Capital World Investors increased its position in United Airlines by 22.4% during the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after purchasing an additional 1,791,654 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

UAL has been the subject of several research analyst reports. Barclays reaffirmed an "overweight" rating and set a $100.00 price target (up previously from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research report 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. Susquehanna upped their price target on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research report on Tuesday, July 15th. Finally, TD Cowen upped their price target on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. 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. According to MarketBeat.com, United Airlines currently has a consensus rating of "Buy" and an average target price of $111.43.

View Our Latest Analysis on UAL

United Airlines Price Performance

United Airlines stock opened at $84.57 on Friday. The firm has a market capitalization of $27.38 billion, a P/E ratio of 8.47, a PEG ratio of 1.14 and a beta of 1.48. The firm has a fifty day moving average of $82.65 and a 200-day moving average of $83.23. 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 Holdings Inc has a 52-week low of $37.02 and a 52-week 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 earnings per share for the quarter, beating the consensus estimate of $3.81 by $0.06. The business had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.14 earnings per share. As a group, analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Insider Activity

In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were 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 directly owned 62,358 shares in the company, valued at approximately $5,750,654.76. This represents a 24.28% decrease in their ownership of the stock. 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 the company's stock in a transaction on Monday, July 28th. The shares were 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 of the company's stock, valued at $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,672 shares of company stock worth $4,144,411. 0.71% of the stock is currently owned by company insiders.

United Airlines Profile

(Free Report)

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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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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