817,363 Shares in United Airlines Holdings Inc (NASDAQ:UAL) Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired a stake in United Airlines Holdings Inc by purchasing 817,363 shares, valued at approximately $56.44 million, representing about 0.25% of the company.
• Several institutional investors, including Vanguard Group and Pacer Advisors Inc, increased their stakes in United Airlines, with Pacer Advisors increasing theirs by an extraordinary 10,777.6% in the first quarter.
• United Airlines has received several analyst upgrades, with TD Cowen raising its price target from $101 to $127, while maintaining a "buy" rating, and a consensus rating of "Buy" from multiple analysts.

Nuveen LLC purchased a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 817,363 shares of the transportation company's stock, valued at approximately $56,439,000. Nuveen LLC owned approximately 0.25% of United Airlines as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UAL. American Alpha Advisors LLC acquired a new position in shares of United Airlines in the 1st quarter valued at approximately $210,000. Virtu Financial LLC acquired a new position in shares of United Airlines in the 1st quarter valued at approximately $4,427,000. Entropy Technologies LP raised its position in shares of United Airlines by 466.5% in the 1st quarter. Entropy Technologies LP now owns 65,671 shares of the transportation company's stock valued at $4,535,000 after purchasing an additional 54,079 shares in the last quarter. Invesco Ltd. raised its position in shares of United Airlines by 26.1% in the 1st quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company's stock valued at $321,855,000 after purchasing an additional 964,388 shares in the last quarter. Finally, Atlas Capital Advisors Inc. raised its position in shares of United Airlines by 382.4% in the 1st quarter. Atlas Capital Advisors Inc. now owns 11,259 shares of the transportation company's stock valued at $777,000 after purchasing an additional 8,925 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Up 1.8%

Shares of NASDAQ UAL traded up $1.79 during mid-day trading on Friday, reaching $100.93. 6,340,378 shares of the company traded hands, compared to its average volume of 5,702,525. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. The stock has a market cap of $32.67 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48. The company's fifty day moving average is $85.29 and its two-hundred day moving average is $82.11. United Airlines Holdings Inc has a fifty-two week low of $40.96 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.14 EPS. On average, analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UAL. Cowen reissued a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Susquehanna increased their price target on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. Cantor Fitzgerald set a $88.00 price target on United Airlines in a research note on Tuesday, April 22nd. TD Cowen raised their target price on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $111.43.

Insider Transactions at United Airlines

In other United Airlines news, Director Michelle Freyre sold 900 shares of the firm'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 value of $82,917.00. Following the completion of the sale, the director owned 829 shares in the company, valued at approximately $76,375.77. This trade represents a 52.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the sale, the president owned 283,638 shares of the company's stock, valued at $25,385,601. This represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,791 shares of company stock worth $9,992,318. Insiders own 0.71% of the company's stock.

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.