United Airlines Holdings Inc (NASDAQ:UAL) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC significantly reduced its stake in United Airlines Holdings by 96.8%, now holding only 1,798 shares valued at $124,000 after previously owning 53,543 shares.
• Several institutional investors have increased their positions in United Airlines, with schools like Pacer Advisors Inc. and Senator Investment Group LP boosting their stakes by over 10,000% and 200% respectively during the first quarter.
• Despite a strong quarterly performance with earnings per share of $3.87, which beat estimates, analysts maintain a consensus rating of "Buy" and set a target price averaging around $111.43 for the stock.

New Age Alpha Advisors LLC reduced its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 96.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,798 shares of the transportation company's stock after selling 53,543 shares during the period. New Age Alpha Advisors LLC's holdings in United Airlines were worth $124,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in UAL. Pacer Advisors Inc. boosted its position in United Airlines by 10,777.6% during the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock worth $349,953,000 after purchasing an additional 5,021,511 shares in the last quarter. Sanders Capital LLC boosted its position in shares of United Airlines by 46.4% in the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after buying an additional 4,390,721 shares in the last quarter. Senator Investment Group LP boosted its position in shares of United Airlines by 214.8% in the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock worth $316,648,000 after buying an additional 2,225,000 shares in the last quarter. Capital World Investors grew its stake in United Airlines by 22.4% in the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after acquiring an additional 1,791,654 shares during the last quarter. Finally, Susquehanna Advisors Group Inc. purchased a new position in United Airlines during the 4th quarter valued at about $173,211,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on UAL shares. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Barclays reissued an "overweight" rating and issued a $100.00 target price (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Bank of America upped their target price on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wall Street Zen downgraded shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, Evercore ISI reissued an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $111.43.

United Airlines Trading Up 1.5%

Shares of UAL opened at $89.29 on Monday. The stock's fifty day simple moving average is $83.71 and its 200 day simple moving average is $82.25. United Airlines Holdings Inc has a twelve month low of $40.13 and a twelve month high of $116.00. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $28.91 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 1.16 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data 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. 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 company's revenue 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. On average, equities research analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction 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 transaction, the president 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michelle Freyre sold 900 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director directly owned 829 shares of the company's stock, valued at approximately $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,672 shares of company stock worth $4,144,411 over the last ninety days. 0.71% of the stock is owned by company insiders.

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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