Universal Beteiligungs und Servicegesellschaft mbH Buys 90,008 Shares of United Airlines Holdings Inc (NASDAQ:UAL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in United Airlines Holdings Inc by 150.2% during the 1st quarter, holding nearly 150,000 shares worth over $10 million.
• United Airlines reported an earnings per share (EPS) of $3.87, exceeding analysts' estimates by $0.06, with revenue of $15.24 billion for the quarter.
• Institutional investors now own 69.69% of United Airlines stock, with several firms significantly increasing their holdings in the last quarter.

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 150.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,920 shares of the transportation company's stock after acquiring an additional 90,008 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in United Airlines were worth $10,352,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sanders Capital LLC lifted its stake in United Airlines by 46.4% during the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after purchasing an additional 4,390,721 shares during the last quarter. FMR LLC increased its position in shares of United Airlines by 70.9% during the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company's stock valued at $705,798,000 after purchasing an additional 3,015,979 shares during the last quarter. Senator Investment Group LP increased its position in shares of United Airlines by 214.8% during the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock valued at $316,648,000 after purchasing an additional 2,225,000 shares during the last quarter. Capital World Investors increased its position in shares of United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after purchasing an additional 1,791,654 shares during the last quarter. Finally, Susquehanna Advisors Group Inc. bought a new position in shares of United Airlines during the 4th quarter valued at about $173,211,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

Insider Buying and Selling

In other United Airlines 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 value 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.71% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UAL. Wall Street Zen cut United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Barclays reaffirmed an "overweight" rating and set a $100.00 price objective (up from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. TD Cowen raised their price objective on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Finally, UBS Group reissued a "buy" rating and issued a $114.00 target price (up from $103.00) on shares of United Airlines in a research note on Tuesday, July 15th. Two investment 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 company's stock. According to MarketBeat, United Airlines has an average rating of "Buy" and an average target price of $111.43.

United Airlines Stock Up 1.5%

NASDAQ UAL traded up $1.38 during mid-day trading on Friday, reaching $91.11. The stock had a trading volume of 5,260,638 shares, compared to its average volume of 7,927,403. United Airlines Holdings Inc has a 1 year low of $37.02 and a 1 year high of $116.00. The stock has a market cap of $29.50 billion, a PE ratio of 9.13, a price-to-earnings-growth ratio of 1.18 and a beta of 1.42. The company has a fifty day moving average price of $81.31 and a 200 day moving average price of $83.65. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share 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 company had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same period in the previous year, the business earned $4.14 EPS. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current 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.