Senator Investment Group LP Sells 87,580 Shares of United Airlines Holdings Inc $UAL

Key Points

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Senator Investment Group LP lowered its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,173,471 shares of the transportation company's stock after selling 87,580 shares during the quarter. United Airlines accounts for about 11.6% of Senator Investment Group LP's portfolio, making the stock its biggest position. Senator Investment Group LP owned about 0.97% of United Airlines worth $219,128,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Bank of New York Mellon Corp raised its position in United Airlines by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company's stock valued at $105,000,000 after buying an additional 16,477 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in United Airlines in the 1st quarter valued at approximately $15,089,000. Generate Investment Management Ltd acquired a new stake in United Airlines in the 1st quarter valued at approximately $10,773,000. Exchange Traded Concepts LLC raised its position in United Airlines by 132.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock valued at $518,000 after buying an additional 4,281 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in United Airlines by 7,225.9% in the 1st quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock valued at $24,898,000 after buying an additional 355,657 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UAL shares. Cowen reissued a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Cantor Fitzgerald set a $88.00 price target on United Airlines in a research report on Tuesday, April 22nd. Susquehanna boosted their price target on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research report on Tuesday, July 15th. UBS Group boosted their price target on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Finally, Bank of America boosted their price target on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Two 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, the stock presently has an average rating of "Buy" and an average target price of $111.43.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $102.37 on Tuesday. 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 $40.96 and a 12 month high of $116.00. The stock has a 50 day moving average of $85.67 and a 200-day moving average of $81.89. The company has a market capitalization of $33.14 billion, a P/E ratio of 10.26, a P/E/G ratio of 1.31 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results 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 return on equity of 30.09% and a net margin of 5.71%. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company posted $4.14 EPS. As a group, equities research analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Insider Buying and Selling at United Airlines

In related news, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction that occurred on Friday, July 25th. The stock was 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 directly owned 283,638 shares of the company's stock, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines 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 sale, the executive vice president directly owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. The trade was a 24.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock worth $9,992,318 in the last 90 days. 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.

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