Versor Investments LP Acquires 11,500 Shares of United Airlines Holdings Inc $UAL

Key Points

• Versor Investments LP has significantly increased its holdings in United Airlines, acquiring an additional 11,500 shares and raising its total position by 151.3% during the first quarter of the year.
• United Airlines reported a quarterly earnings per share (EPS) of $3.87, surpassing analyst expectations, while the company's revenue showed a slight year-over-year increase of 1.4%.
• Multiple analysts have given buy ratings for United Airlines, with target prices ranging from $88.00 to $114.00, leading to a consensus average target price of $111.43.

Versor Investments LP grew its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 151.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,100 shares of the transportation company's stock after purchasing an additional 11,500 shares during the quarter. Versor Investments LP's holdings in United Airlines were worth $1,319,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Capital A Wealth Management LLC bought a new position in shares of United Airlines during the 4th quarter valued at about $31,000. Hemington Wealth Management increased its position in shares of United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Eastern Bank purchased a new stake in United Airlines during the 1st quarter valued at about $35,000. CENTRAL TRUST Co boosted its holdings in United Airlines by 57.2% during the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock valued at $56,000 after acquiring an additional 297 shares during the period. Finally, Ameriflex Group Inc. purchased a new stake in United Airlines during the 4th quarter valued at about $58,000. 69.69% of the stock is currently owned by institutional investors.

Insider Activity at United Airlines

In related news, Director Michelle Freyre sold 900 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the completion of the sale, the director owned 829 shares in the company, valued at approximately $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Brett J. Hart sold 24,772 shares of the 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 sale, the president 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 sold 106,791 shares of company stock valued at $9,992,318 in the last ninety days. Corporate insiders own 0.63% of the company's stock.

United Airlines Stock Performance

UAL stock opened at $100.93 on Monday. The company has a market cap of $32.67 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48. United Airlines Holdings Inc has a 1 year low of $40.96 and a 1 year high of $116.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The stock's fifty day moving average price is $85.29 and its 200-day moving average price is $81.92.

United Airlines (NASDAQ:UAL - Get Free Report) last released 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 firm had revenue of $15.24 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the business posted $4.14 EPS. On average, equities analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

UAL has been the subject of several analyst reports. Barclays restated an "overweight" rating and set a $100.00 target price (up from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. UBS Group increased their price objective on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Susquehanna increased their price objective on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a report on Tuesday, July 15th. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Finally, Cantor Fitzgerald set a $88.00 price objective on United Airlines in a report on Tuesday, April 22nd. Two investment 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $111.43.

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.

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