United Airlines Holdings Inc $UAL Shares Bought by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its holdings in United Airlines by 16.3%, acquiring an additional 2,967 shares, bringing their total investment to approximately $1.69 million.
• Recent research showed that analysts' ratings vary for United Airlines, with two giving a Strong Buy rating, while others have raised their price targets to a range of $115.00 to $135.00.
• Insiders have sold a total of 106,791 shares of United Airlines in the last three months, indicating some potential decreases in their personal stakes in the company.

Blair William & Co. IL boosted its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 16.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,223 shares of the transportation company's stock after purchasing an additional 2,967 shares during the period. Blair William & Co. IL's holdings in United Airlines were worth $1,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its position in shares of United Airlines by 10,777.6% in the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock worth $349,953,000 after acquiring an additional 5,021,511 shares during the period. Alyeska Investment Group L.P. raised its position in shares of United Airlines by 86.4% in the first quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company's stock worth $275,203,000 after acquiring an additional 1,847,884 shares during the period. AQR Capital Management LLC raised its position in shares of United Airlines by 334.6% in the first quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company's stock worth $116,539,000 after acquiring an additional 1,380,804 shares during the period. Allianz Asset Management GmbH raised its position in shares of United Airlines by 1,575.1% in the first quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company's stock worth $88,203,000 after acquiring an additional 1,201,118 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of United Airlines in the first quarter worth about $72,722,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings downgraded shares of United Airlines from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. UBS Group upped their price objective on shares of United Airlines from $114.00 to $131.00 and gave the stock a "buy" rating in a research report on Friday, September 26th. Evercore ISI upped their price objective on shares of United Airlines from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. Barclays upped their price objective on shares of United Airlines from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. Finally, Jefferies Financial Group upped their price target on shares of United Airlines from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $120.64.

Insider Activity

In other United Airlines news, Director Michelle Freyre sold 900 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $92.13, for a total value of $82,917.00. Following the completion of the transaction, the director owned 829 shares of the company's stock, valued at $76,375.77. This trade represents a 52.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 transaction of $2,217,094.00. Following the completion of the transaction, the president directly owned 283,638 shares of the company's stock, valued at $25,385,601. This represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,791 shares of company stock worth $9,992,318 in the last three months. 0.63% of the stock is currently owned by corporate insiders.

United Airlines Stock Up 3.9%

UAL stock opened at $103.15 on Wednesday. The company has a market cap of $33.39 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.26 and a beta of 1.45. 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 $52.00 and a 12 month high of $116.00. The firm has a 50-day moving average of $100.96 and a two-hundred day moving average of $85.39.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly 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. The business had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business's revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $4.14 EPS. As a group, analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

United Airlines 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.

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