United Airlines Holdings Inc $UAL Stock: Fulcrum Asset Management LLP Raises Stake

Fulcrum Asset Management LLP grew its holdings in United Airlines Holdings Inc (NASDAQ:UAL) by 3,848.9% during the third quarter, Holdings Channel.com reports. The firm owned 57,417 shares of the transportation company’s stock after acquiring an additional 55,963 shares during the period. Fulcrum Asset Management LLP’s holdings in United Airlines were worth $6,468,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in UAL. Royal Bank of Canada grew its holdings in United Airlines by 11.2% during the 1st quarter. Royal Bank of Canada now owns 418,647 shares of the transportation company’s stock worth $38,544,000 after acquiring an additional 42,111 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in United Airlines in the 2nd quarter valued at about $7,671,000. State Street Corp increased its position in United Airlines by 1.4% in the 2nd quarter. State Street Corp now owns 11,788,111 shares of the transportation company’s stock valued at $1,603,065,000 after acquiring an additional 162,283 shares in the last quarter. Junto Capital Management LP acquired a new stake in United Airlines in the 2nd quarter valued at about $37,460,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of United Airlines in the first quarter worth about $918,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of UAL stock opened at $112.74 on Monday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.68. The stock has a market cap of $36.63 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 1.44 and a beta of 1.38. The stock has a 50-day moving average of $107.33 and a 200-day moving average of $108.23. United Airlines Holdings Inc has a one year low of $84.64 and a one year high of $138.77.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The firm had revenue of $17.88 billion during the quarter, compared to analyst estimates of $17.89 billion. During the same quarter in the prior year, the business earned $2.78 earnings per share. The business’s revenue was up 17.4% on a year-over-year basis. As a group, sell-side analysts expect that United Airlines Holdings Inc will post 7.10 earnings per share for the current year.

Insider Activity at United Airlines

In other United Airlines news, President Brett J. Hart sold 39,000 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $102.68, for a total value of $4,004,520.00. Following the completion of the sale, the president owned 325,122 shares of the company’s stock, valued at approximately $33,383,526.96. This represents a 10.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Nocella sold 5,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total transaction of $585,000.00. Following the completion of the sale, the executive vice president owned 214,955 shares in the company, valued at approximately $25,149,735. This trade represents a 2.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UAL shares. Morgan Stanley boosted their target price on shares of United Airlines from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Argus decreased their price target on shares of United Airlines from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, October 22nd. Wells Fargo & Company lowered their price target on shares of United Airlines from $160.00 to $155.00 and set an “overweight” rating for the company in a report on Thursday, October 22nd. Sanford C. Bernstein set a $160.00 price target on shares of United Airlines in a report on Tuesday, October 20th. Finally, BMO Capital Markets dropped their price objective on shares of United Airlines from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, October 22nd. Sixteen investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.19.

About United Airlines

United Airlines Holdings, Inc operates United Airlines, a major U.S. passenger and cargo airline. The company provides domestic and international air transportation, cargo services, and travel-related offerings, including its MileagePlus loyalty program. Regional service is also offered under the United Express brand through partner airlines.

United serves destinations across the Americas, Europe, Asia, Africa, and Oceania. Its network is organized around hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco, and Washington, DC

The airline traces its history to Varney Air Lines, founded in 1926, and has developed through mergers and acquisitions over the decades.