Russell Investments Group Ltd. Has $55.85 Million Stock Position in United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Russell Investments Group Ltd. increased its stake in United Airlines Holdings Inc by 5.4%, now owning 808,861 shares valued at approximately $55.85 million.
• Other institutional investors have also made significant purchases, with Pacer Advisors Inc. boosting its stake by over 10,777.6%, owning 5,068,103 shares valued at about $349.95 million.
• United Airlines reported earnings per share of $3.87 for the last quarter, surpassing estimates, although its revenue of $15.24 billion fell slightly short of expectations.

Russell Investments Group Ltd. lifted its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 5.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 808,861 shares of the transportation company's stock after purchasing an additional 41,395 shares during the period. Russell Investments Group Ltd. owned 0.25% of United Airlines worth $55,853,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UAL. Pacer Advisors Inc. increased its stake in shares of United Airlines by 10,777.6% during the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock worth $349,953,000 after purchasing an additional 5,021,511 shares during the last quarter. Senator Investment Group LP grew its stake in United Airlines by 214.8% in the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock valued at $316,648,000 after buying an additional 2,225,000 shares during the last quarter. Capital World Investors grew its stake in United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after buying an additional 1,791,654 shares during the last quarter. Susquehanna Advisors Group Inc. acquired a new position in United Airlines in the 4th quarter valued at about $173,211,000. Finally, Fred Alger Management LLC acquired a new position in United Airlines in the 4th quarter valued at about $155,860,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Airlines

In other United Airlines news, EVP Kate Gebo sold 6,343 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total value of $620,408.83. Following the sale, the executive vice president owned 69,106 shares in the company, valued at $6,759,257.86. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the sale, the executive vice president owned 62,358 shares in the company, valued at $5,750,654.76. This represents a 24.28% 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 valued at $9,992,318. Corporate insiders own 0.71% of the company's stock.

United Airlines Price Performance

Shares of NASDAQ UAL traded up $1.79 during trading hours on Friday, hitting $100.93. 6,340,378 shares of the stock were exchanged, 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 company has a market cap of $32.67 billion, a PE ratio of 10.11, a price-to-earnings-growth ratio of 1.28 and a beta of 1.48. The company's fifty day simple moving average is $85.29 and its two-hundred day simple moving average is $82.29. 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 posted its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 5.71% and a return on equity of 30.09%. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $4.14 EPS. On average, sell-side analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UAL shares. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a research note on Tuesday, April 22nd. UBS Group increased their target price on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Susquehanna increased their target price on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research report on Tuesday, July 15th. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $111.43.

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.