Quantbot Technologies LP Purchases 85,654 Shares of United Airlines Holdings Inc $UAL

Key Points

• Quantbot Technologies LP increased its holdings in United Airlines by 365.1% to a total of 109,115 shares worth $7.53 million after purchasing 85,654 shares in the first quarter.
• Analysts have mixed views on United Airlines, with thirteen buy ratings and a few hold ratings; the average target price is $111.43.
• Insider trading reports indicate significant sales, with President Brett J. Hart selling 24,772 shares and a notable decrease in his ownership position.

Quantbot Technologies LP increased its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 365.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,115 shares of the transportation company's stock after purchasing an additional 85,654 shares during the quarter. Quantbot Technologies LP's holdings in United Airlines were worth $7,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC acquired a new position in United Airlines during the fourth quarter worth about $31,000. Hemington Wealth Management raised its stake in United Airlines by 50.6% during the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after acquiring an additional 160 shares in the last quarter. Eastern Bank acquired a new position in United Airlines during the first quarter worth about $35,000. CENTRAL TRUST Co raised its stake in United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after acquiring an additional 297 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in United Airlines during the fourth quarter worth about $58,000. Institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

UAL has been the subject of several research analyst reports. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. TD Cowen raised their price objective on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a report on Monday, July 21st. Barclays reissued an "overweight" rating and set a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Wall Street Zen downgraded United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, UBS Group upped their price objective on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $111.43.

Insider Activity at United Airlines

In other news, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction that occurred 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 trade represents a 8.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kate Gebo sold 6,343 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total transaction of $620,408.83. Following the sale, the executive vice president directly owned 69,106 shares of the company's stock, valued at approximately $6,759,257.86. This trade represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,791 shares of company stock worth $9,992,318. Corporate insiders own 0.63% of the company's stock.

United Airlines Stock Up 1.8%

Shares of NASDAQ:UAL opened at $100.93 on Monday. The company has a market capitalization of $32.67 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 1.31 and a beta of 1.48. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The business's 50-day moving average is $85.29 and its 200-day moving average is $81.92. United Airlines Holdings Inc has a 1 year low of $40.96 and a 1 year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.14 EPS. Equities research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

About United Airlines

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.

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL - Free Report).

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.