Mitsubishi UFJ Asset Management Co. Ltd. Purchases 110,686 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 41.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 376,945 shares of the transportation company's stock after purchasing an additional 110,686 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.12% of United Airlines worth $26,028,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Capital A Wealth Management LLC bought a new stake in shares of United Airlines during the 4th quarter worth $31,000. Hemington Wealth Management lifted its holdings in shares of United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after acquiring an additional 160 shares during the last quarter. Eastern Bank bought a new stake in shares of United Airlines during the 1st quarter worth $35,000. Ameriflex Group Inc. bought a new stake in United Airlines in the fourth quarter worth $58,000. Finally, CENTRAL TRUST Co lifted its stake in United Airlines by 57.2% in the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after purchasing an additional 297 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UAL has been the subject of several recent research reports. Susquehanna boosted their price target on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. UBS Group boosted their price objective on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Evercore ISI restated an "outperform" rating and issued a $105.00 price objective on shares of United Airlines in a research report on Thursday, July 17th. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a research report on Tuesday, April 22nd. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. 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. Based on data from MarketBeat, United Airlines currently has an average rating of "Buy" and a consensus price target of $111.43.

Insiders Place Their Bets

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the company's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the sale, the president owned 283,638 shares in the company, valued at approximately $25,385,601. This represents a 8.03% 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 that occurred 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 approximately $76,375.77. This represents a 52.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,672 shares of company stock worth $4,144,411. 0.71% of the stock is currently owned by company insiders.

United Airlines Price Performance

Shares of UAL opened at $89.29 on Monday. The stock has a market cap of $28.91 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 1.16 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. United Airlines Holdings Inc has a fifty-two week low of $40.13 and a fifty-two week high of $116.00. The firm's 50-day simple moving average is $83.71 and its two-hundred day simple moving average is $82.25.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. The business had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.14 earnings per share. Analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

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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