Allianz Asset Management GmbH Grows Stake in United Airlines Holdings Inc (NASDAQ:UAL)

Allianz Asset Management GmbH grew its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 1,575.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,277,374 shares of the transportation company's stock after purchasing an additional 1,201,118 shares during the period. Allianz Asset Management GmbH owned approximately 0.39% of United Airlines worth $88,203,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UAL. Bank of New York Mellon Corp lifted its holdings in shares of 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 acquiring an additional 16,477 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of United Airlines in the 1st quarter valued at about $15,089,000. Generate Investment Management Ltd bought a new position in shares of United Airlines in the 1st quarter valued at about $10,773,000. Exchange Traded Concepts LLC lifted its holdings in shares of 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 acquiring an additional 4,281 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 355,657 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Raymond James Financial downgraded shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Susquehanna increased their price target on shares of United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a report on Tuesday, July 15th. Wall Street Zen downgraded shares of United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Jefferies Financial Group decreased their price objective on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Finally, Evercore ISI reissued an "outperform" rating and issued a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Two 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $111.43.

United Airlines Trading Up 0.4%

Shares of United Airlines stock traded up $0.34 on Friday, hitting $90.07. 1,245,595 shares of the company traded hands, compared to its average volume of 8,342,098. The stock's 50 day moving average price is $81.05 and its 200-day moving average price is $83.86. 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 52 week low of $37.02 and a 52 week high of $116.00. The company has a market cap of $29.16 billion, a PE ratio of 9.02, a PEG ratio of 1.17 and a beta of 1.42.

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 for the quarter, beating the consensus estimate of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter in the previous year, the firm posted $4.14 earnings per share. The company's revenue was up 1.4% on a year-over-year basis. 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 other news, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.