United Airlines Holdings Inc (NASDAQ:UAL) Shares Acquired by Atlas Capital Advisors Inc.

Key Points

• Atlas Capital Advisors Inc. increased its stake in United Airlines by 382.4%, acquiring an additional 8,925 shares, bringing its total holdings to 11,259 shares valued at approximately $777,000.
• Multiple analysts have rated United Airlines, with a consensus rating of "Buy" and a new average price target of $111.43, reflecting positive sentiment in the market.
• Insider transactions showed significant sales, with Director Michelle Freyre and President Brett J. Hart selling shares and collectively reducing their ownership by notable percentages.

Atlas Capital Advisors Inc. grew its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 382.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,259 shares of the transportation company's stock after purchasing an additional 8,925 shares during the period. Atlas Capital Advisors Inc.'s holdings in United Airlines were worth $777,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Sierra Summit Advisors LLC acquired a new position in shares of United Airlines in the first quarter valued at about $4,050,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of United Airlines in the first quarter valued at about $12,592,000. Townsquare Capital LLC increased its holdings in shares of United Airlines by 22.2% in the first quarter. Townsquare Capital LLC now owns 5,523 shares of the transportation company's stock valued at $381,000 after purchasing an additional 1,003 shares during the period. Swiss National Bank acquired a new position in shares of United Airlines in the first quarter valued at about $16,013,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in United Airlines by 41.6% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 376,945 shares of the transportation company's stock worth $26,028,000 after acquiring an additional 110,686 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on UAL shares. Cowen reaffirmed a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Bank of America raised their target price on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wall Street Zen lowered United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Finally, Susquehanna raised their target price on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a report on Tuesday, July 15th. Two equities 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $111.43.

Insider Activity

In other news, Director Michelle Freyre sold 900 shares of the firm'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 owned 829 shares in the company, valued at $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $2,217,094.00. Following the completion of the transaction, the president owned 283,638 shares in the company, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,672 shares of company stock worth $4,144,411 over the last quarter. 0.71% of the stock is currently owned by corporate insiders.

United Airlines Stock Up 1.5%

Shares of UAL opened at $89.29 on Friday. 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 $40.13 and a 12 month high of $116.00. The stock's 50 day moving average is $83.71 and its two-hundred day moving average is $82.40. The firm has a market cap of $28.91 billion, a P/E ratio of 8.95, a PEG ratio of 1.15 and a beta of 1.48.

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

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