Strategy Asset Managers LLC Acquires New Holdings in United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Strategy Asset Managers LLC acquired a new stake in United Airlines Holdings Inc during the first quarter, purchasing 6,784 shares valued at approximately $468,000.
• Several other institutional investors have significantly increased their holdings, with Pacer Advisors Inc. boosting its position by 10,777.6%, now owning over 5 million shares worth nearly $350 million.
• United Airlines recently reported earnings, posting an EPS of $3.87, slightly exceeding analyst estimates, although revenue fell short of expectations at $15.24 billion.

Strategy Asset Managers LLC bought a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,784 shares of the transportation company's stock, valued at approximately $468,000.

Several other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of United Airlines by 10,777.6% in the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after buying an additional 5,021,511 shares in the last quarter. Sanders Capital LLC grew its stake in United Airlines by 46.4% in the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after acquiring an additional 4,390,721 shares during the period. FMR LLC increased its holdings in shares of United Airlines by 70.9% in the fourth quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock worth $705,798,000 after acquiring an additional 3,015,979 shares in the last quarter. Senator Investment Group LP increased its holdings in shares of United Airlines by 214.8% in the fourth quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock worth $316,648,000 after acquiring an additional 2,225,000 shares in the last quarter. Finally, Capital World Investors raised its position in shares of United Airlines by 22.4% during the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after purchasing an additional 1,791,654 shares during the period. Institutional investors own 69.69% of the company's stock.

United Airlines Trading Up 1.4%

NASDAQ UAL opened at $88.87 on Thursday. The company has a market cap of $28.77 billion, a PE ratio of 8.90, a PEG ratio of 1.13 and a beta of 1.48. United Airlines Holdings Inc has a 12 month low of $38.65 and a 12 month high of $116.00. The stock has a 50 day moving average of $83.32 and a 200-day moving average of $82.85. 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 (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. The firm had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $4.14 earnings per share. On average, equities research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Activity at United Airlines

In other news, 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 transaction of $1,844,400.00. Following the completion of the transaction, the executive vice president directly owned 62,358 shares in the company, valued at approximately $5,750,654.76. The trade was a 24.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michelle Freyre sold 900 shares of the business'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 value of $82,917.00. Following the transaction, the director directly owned 829 shares in the company, valued at $76,375.77. The trade was a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,672 shares of company stock worth $4,144,411. Insiders own 0.71% of the company's stock.

Wall Street Analysts Forecast Growth

UAL has been the subject of several research analyst reports. Wall Street Zen lowered United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Barclays reiterated an "overweight" rating and issued a $100.00 price target (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Cantor Fitzgerald set a $88.00 price objective on shares of United Airlines in a report on Tuesday, April 22nd. 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 research note on Friday, July 18th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Two 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $111.43.

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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