United Airlines Holdings Inc (NASDAQ:UAL) Shares Sold by TCW Group Inc.

Key Points

• TCW Group Inc. reduced its holdings in United Airlines by 31.2%, selling 16,381 shares and leaving them with 36,181 shares, valued at approximately $2.5 million.
• United Airlines' stock has a market cap of $29.92 billion and is currently showing a 1-year range of $37.02 to $116.00, with a recent price of $92.43.
• The company reported earnings of $3.87 per share, slightly exceeding analysts’ expectations, although revenue was down 1.4% year-over-year.

TCW Group Inc. trimmed its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 31.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,181 shares of the transportation company's stock after selling 16,381 shares during the quarter. TCW Group Inc.'s holdings in United Airlines were worth $2,498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Capital A Wealth Management LLC acquired a new position in United Airlines during the fourth quarter worth about $31,000. Ameriflex Group Inc. acquired a new position in United Airlines during the fourth quarter worth about $58,000. CENTRAL TRUST Co grew its position in United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after buying an additional 297 shares during the period. Blume Capital Management Inc. grew its position in United Airlines by 75.5% during the first quarter. Blume Capital Management Inc. now owns 930 shares of the transportation company's stock worth $64,000 after buying an additional 400 shares during the period. Finally, Smallwood Wealth Investment Management LLC acquired a new position in United Airlines during the first quarter worth about $69,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Up 1.4%

Shares of NASDAQ UAL opened at $92.43 on Tuesday. United Airlines Holdings Inc has a 1 year low of $37.02 and a 1 year high of $116.00. The firm's 50 day moving average price is $81.59 and its 200 day moving average price is $83.41. The firm has a market cap of $29.92 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 1.18 and a beta of 1.42. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $15.31 billion. During the same quarter last year, the business earned $4.14 earnings per share. United Airlines's revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on UAL. Jefferies Financial Group lowered their target price on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a research 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 report on Friday, July 18th. Susquehanna upped their target price on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research report on Tuesday, July 15th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, United Airlines currently has an average rating of "Buy" and an average target price of $111.43.

Insider Transactions at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's 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 sale, the executive vice president owned 62,358 shares in the company, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.63% of the company's stock.

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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