Private Advisory Group LLC Trims Position in United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Private Advisory Group LLC significantly reduced its position in United Airlines by 72.5%, selling 9,433 shares to hold 3,575 shares valued at $247,000 at the end of the first quarter.
• Analysts have mixed ratings for United Airlines, with UBS increasing its target price to $114.00 and a consensus rating of "Buy," while other firms have downgraded their ratings.
• United Airlines reported earnings of $3.87 per share, surpassing estimates, but its revenue of $15.24 billion slightly fell short of analyst expectations of $15.31 billion.

Private Advisory Group LLC reduced its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 72.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,575 shares of the transportation company's stock after selling 9,433 shares during the period. Private Advisory Group LLC's holdings in United Airlines were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Capital A Wealth Management LLC purchased a new stake in United Airlines in the fourth quarter valued at approximately $31,000. Eastern Bank acquired a new position in shares of United Airlines in the 1st quarter valued at $35,000. CENTRAL TRUST Co grew its stake in shares of United Airlines by 57.2% during the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock valued at $56,000 after buying an additional 297 shares during the period. Ameriflex Group Inc. purchased a new stake in shares of United Airlines during the 4th quarter valued at $58,000. Finally, Blume Capital Management Inc. increased its holdings in shares of United Airlines by 75.5% during the 1st quarter. Blume Capital Management Inc. now owns 930 shares of the transportation company's stock worth $64,000 after buying an additional 400 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group increased their target price on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Wall Street Zen lowered United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a research report on Tuesday, April 22nd. Barclays reaffirmed an "overweight" rating and set a $100.00 price target (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Evercore ISI reissued an "outperform" rating and issued a $105.00 price objective on shares of United Airlines in a research report on Thursday, July 17th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, United Airlines presently has a consensus rating of "Buy" and an average price target of $111.43.

United Airlines Price Performance

Shares of UAL opened at $88.31 on Friday. United Airlines Holdings Inc has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. The firm has a market cap of $28.59 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 1.16 and a beta of 1.42. The stock has a 50 day moving average of $82.46 and a 200-day moving average of $83.39.

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 for the quarter, beating the consensus estimate of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same quarter in the previous year, the firm earned $4.14 earnings per share. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Insider Buying and Selling

In other news, 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 directly owned 829 shares of the company's stock, valued at approximately $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of the sale, the executive vice president directly owned 62,358 shares in the company, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,672 shares of company stock worth $4,144,411 over the last quarter. 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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