Public Sector Pension Investment Board Increases Stock Position in United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• The Public Sector Pension Investment Board increased its stake in United Airlines Holdings Inc by 72.4% during the first quarter, now holding 147,171 shares valued at over $10 million.
• Analyst ratings for United Airlines are predominantly positive, with a consensus average rating of "Buy" and a revised average price target of $111.43.
• In recent insider trading, President Brett J. Hart sold 24,772 shares while Director Barney Harford sold 9,000 shares, indicating insider activities amidst the company's stock performance.

Public Sector Pension Investment Board lifted its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 72.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,171 shares of the transportation company's stock after buying an additional 61,793 shares during the quarter. Public Sector Pension Investment Board's holdings in United Airlines were worth $10,162,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of UAL. Capital A Wealth Management LLC bought a new stake in United Airlines during the 4th quarter worth approximately $31,000. Hemington Wealth Management increased its holdings in 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 period. Eastern Bank bought a new stake in United Airlines during the 1st quarter worth approximately $35,000. CENTRAL TRUST Co increased its holdings in United Airlines by 57.2% during the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after acquiring an additional 297 shares during the period. Finally, Ameriflex Group Inc. bought a new stake in United Airlines during the 4th quarter worth approximately $58,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UAL has been the topic of a number of analyst reports. UBS Group upped their target price on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Cowen reaffirmed a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Bank of America upped their target price on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Finally, Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, United Airlines has an average rating of "Buy" and an average price target of $111.43.

United Airlines Price Performance

Shares of United Airlines stock opened at $99.79 on Thursday. United Airlines Holdings Inc has a 52-week low of $40.13 and a 52-week high of $116.00. The stock has a market capitalization of $32.31 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 1.27 and a beta of 1.48. The company has a fifty day moving average of $84.58 and a 200-day moving average of $82.38. 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 (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. During the same quarter in the prior year, the company earned $4.14 EPS. The firm's revenue was up 1.4% on a year-over-year basis. Equities research analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Insider Buying and Selling at United Airlines

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barney Harford sold 9,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total transaction of $879,840.00. Following the sale, the director directly owned 80,000 shares of the company's stock, valued at $7,820,800. The trade was a 10.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,495 shares of company stock worth $6,448,796 over the last 90 days. Company insiders own 0.71% 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.

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