United Airlines Holdings Inc (NASDAQ:UAL) Stock Holdings Boosted by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its holdings in United Airlines by 38.0%, owning nearly 57,000 shares valued at approximately $3.94 million as of the latest SEC filing.
• United Airlines reported earnings of $3.87 per share, exceeding analysts' expectations of $3.81, but revenue fell slightly short of estimates at $15.24 billion.
• Recent analyst ratings reflect a generally positive outlook for United Airlines, with a consensus target price of $111.43 and 13 out of 17 analysts recommending a buy rating.

Cetera Investment Advisers lifted its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 38.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,999 shares of the transportation company's stock after purchasing an additional 15,701 shares during the quarter. Cetera Investment Advisers' holdings in United Airlines were worth $3,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in UAL. Capital A Wealth Management LLC bought a new stake in shares of United Airlines during the 4th quarter valued at about $31,000. CENTRAL TRUST Co grew its holdings in shares of United Airlines by 57.2% during the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after acquiring an additional 297 shares during the period. Ameriflex Group Inc. bought a new position in shares of United Airlines in the 4th quarter worth approximately $58,000. Blume Capital Management Inc. boosted its position in shares of United Airlines by 75.5% during the first quarter. Blume Capital Management Inc. now owns 930 shares of the transportation company's stock valued at $64,000 after purchasing an additional 400 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new position in United Airlines during the first quarter valued at $69,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a research report on Tuesday, April 22nd. Wall Street Zen downgraded United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Bank of America lifted their price objective on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, July 18th. TD Cowen increased their target price on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $111.43.

Insider Buying and Selling

In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of the business's stock in a transaction 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 directly owned 62,358 shares of the company's stock, valued at $5,750,654.76. The trade was a 24.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,672 shares of company stock valued at $4,144,411. Insiders own 0.71% of the company's stock.

United Airlines Price Performance

Shares of United Airlines stock traded up $1.21 on Wednesday, hitting $88.87. The company's stock had a trading volume of 4,041,832 shares, compared to its average volume of 8,233,995. The company has a market capitalization of $28.77 billion, a P/E ratio of 8.90, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. United Airlines Holdings Inc has a 52-week low of $38.65 and a 52-week high of $116.00. The firm has a fifty day moving average price of $83.09 and a 200-day moving average price of $82.81. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data 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 business 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%. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $4.14 earnings per share. On average, equities research analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

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.