Healthcare of Ontario Pension Plan Trust Fund grew its position in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 58.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,320 shares of the transportation company’s stock after acquiring an additional 7,523 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in United Airlines were worth $1,871,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of UAL. Bison Wealth LLC bought a new position in United Airlines in the 4th quarter valued at $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of United Airlines by 24.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company’s stock valued at $2,753,000 after buying an additional 7,713 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of United Airlines by 92.7% in the first quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company’s stock valued at $853,000 after buying an additional 5,939 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of United Airlines by 23.5% in the second quarter. First Trust Advisors LP now owns 292,580 shares of the transportation company’s stock valued at $23,298,000 after buying an additional 55,728 shares during the last quarter. Finally, Cresset Asset Management LLC lifted its position in United Airlines by 73.5% during the 2nd quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company’s stock worth $749,000 after buying an additional 3,987 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.
United Airlines Stock Down 1.8%
Shares of NASDAQ UAL opened at $121.33 on Friday. United Airlines Holdings Inc has a 1 year low of $82.42 and a 1 year high of $138.77. The firm’s 50-day moving average is $119.39 and its 200-day moving average is $107.03. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $39.38 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.91 and a beta of 1.25.
Insider Activity at United Airlines
In other United Airlines news, EVP Kate Gebo sold 5,331 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $105.51, for a total transaction of $562,473.81. Following the completion of the sale, the executive vice president owned 60,393 shares in the company, valued at approximately $6,372,065.43. The trade was a 8.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $119.91, for a total value of $2,398,200.00. Following the completion of the transaction, the executive vice president owned 114,800 shares in the company, valued at $13,765,668. This represents a 14.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 303,010 shares of company stock worth $35,552,943. 0.86% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Sanford C. Bernstein raised their price objective on shares of United Airlines from $136.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group upped their target price on shares of United Airlines from $131.00 to $162.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Barclays increased their price target on shares of United Airlines from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. UBS Group boosted their price objective on shares of United Airlines from $148.00 to $153.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, BMO Capital Markets upped their price objective on United Airlines from $130.00 to $157.50 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and a consensus price target of $156.79.
Get Our Latest Stock Analysis on UAL
United Airlines Profile
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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