Primecap Management Co. CA Has $1.51 Billion Stock Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Primecap Management Co. CA owns approximately $1.51 billion in United Airlines stock, making it the firm's 22nd largest holding.
• Despite a 3.9% decrease in shares this quarter, institutional investors collectively own 69.69% of United Airlines' stock.
• United Airlines reported $3.87 EPS for the last quarter, slightly exceeding analysts' expectations, while revenue rose 1.4% year-over-year.

Primecap Management Co. CA decreased its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,799,645 shares of the transportation company's stock after selling 879,830 shares during the quarter. United Airlines makes up approximately 1.2% of Primecap Management Co. CA's holdings, making the stock its 22nd largest holding. Primecap Management Co. CA owned about 6.67% of United Airlines worth $1,505,265,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of UAL. World Investment Advisors acquired a new position in United Airlines during the 4th quarter worth $442,000. Resona Asset Management Co. Ltd. acquired a new position in United Airlines during the 4th quarter worth $216,000. Aviva PLC acquired a new position in United Airlines during the 4th quarter worth $306,000. Envestnet Asset Management Inc. lifted its stake in shares of United Airlines by 88.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 223,309 shares of the transportation company's stock valued at $21,683,000 after purchasing an additional 104,989 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of United Airlines by 1,326.3% in the 4th quarter. Federated Hermes Inc. now owns 118,499 shares of the transportation company's stock valued at $11,506,000 after purchasing an additional 110,191 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Stock Performance

Shares of United Airlines stock opened at $87.66 on Wednesday. The stock's fifty day simple moving average is $83.09 and its 200 day simple moving average is $82.81. The company has a market capitalization of $28.38 billion, a PE ratio of 8.78, a PEG ratio of 1.12 and a beta of 1.48. 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 12 month low of $38.05 and a 12 month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. The firm had revenue of $15.24 billion during 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%. The company's revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.14 EPS. On average, research analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of analyst reports. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Barclays reissued an "overweight" rating and issued a $100.00 price target (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Evercore ISI reissued an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a research note on Thursday, July 17th. Bank of America increased their price target on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Cowen reissued a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Two investment 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 company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $111.43.

Insider Buying and Selling

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction dated 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 completion of the transaction, the executive vice president owned 62,358 shares in the company, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction dated 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 transaction, the president owned 283,638 shares of the company's stock, valued at $25,385,601. The trade was a 8.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,672 shares of company stock worth $4,144,411. Company insiders own 0.63% of the company's stock.

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.

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.