Y Intercept Hong Kong Ltd Acquires New Shares in United Airlines Holdings Inc (NASDAQ:UAL)

Y Intercept Hong Kong Ltd acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 62,878 shares of the transportation company's stock, valued at approximately $4,342,000.

Other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of United Airlines during the 4th quarter valued at about $137,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of United Airlines during the 4th quarter valued at about $804,000. Royal London Asset Management Ltd. raised its stake in shares of United Airlines by 105.5% in the 4th quarter. Royal London Asset Management Ltd. now owns 7,028 shares of the transportation company's stock valued at $682,000 after acquiring an additional 3,608 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of United Airlines by 433.5% in the 4th quarter. TD Private Client Wealth LLC now owns 7,266 shares of the transportation company's stock valued at $706,000 after acquiring an additional 5,904 shares in the last quarter. Finally, Summit Global Investments bought a new position in shares of United Airlines in the 4th quarter valued at approximately $390,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Price Performance

UAL stock traded down $0.68 during trading on Thursday, hitting $89.75. The company had a trading volume of 6,322,546 shares, compared to its average volume of 8,383,580. The company has a fifty day moving average price of $80.78 and a two-hundred day moving average price of $83.92. 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 company has a market cap of $29.05 billion, a P/E ratio of 8.99, a P/E/G ratio of 1.51 and a beta of 1.42. United Airlines Holdings Inc has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS 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%. United Airlines's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.14 EPS. Equities research analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the business's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.71% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UAL shares. 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. Evercore ISI reissued an "outperform" rating and issued a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Cantor Fitzgerald set a $88.00 price objective on United Airlines in a research note on Tuesday, April 22nd. Barclays lifted their price target on United Airlines from $94.00 to $100.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen downgraded United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $111.43.

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.