Swiss Life Asset Management Ltd reduced its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 50.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,231 shares of the transportation company’s stock after selling 29,161 shares during the period. Swiss Life Asset Management Ltd’s holdings in United Airlines were worth $3,157,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of United Airlines by 1.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,416,537 shares of the transportation company’s stock worth $136,696,000 after acquiring an additional 16,478 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of United Airlines by 23.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,461,194 shares of the transportation company’s stock worth $141,005,000 after acquiring an additional 274,572 shares in the last quarter. CWM LLC raised its position in shares of United Airlines by 61.0% in the 4th quarter. CWM LLC now owns 84,286 shares of the transportation company’s stock worth $9,425,000 after acquiring an additional 31,921 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of United Airlines by 6.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 909,263 shares of the transportation company’s stock worth $87,804,000 after acquiring an additional 53,541 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of United Airlines by 830.7% in the 3rd quarter. GSA Capital Partners LLP now owns 36,679 shares of the transportation company’s stock worth $3,540,000 after acquiring an additional 32,738 shares in the last quarter. 69.69% of the stock is owned by institutional investors.
United Airlines Stock Performance
Shares of UAL opened at $96.02 on Friday. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a 50-day moving average of $93.60 and a 200-day moving average of $102.00. The company has a market cap of $31.17 billion, a PE ratio of 8.57, a P/E/G ratio of 0.81 and a beta of 1.20. United Airlines Holdings Inc has a one year low of $71.55 and a one year high of $119.21.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on UAL. Wall Street Zen raised United Airlines from a “hold” rating to a “buy” rating in a research report on Saturday, April 25th. TD Cowen raised United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 18th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Airlines in a research report on Monday, April 20th. UBS Group reissued a “buy” rating and issued a $139.00 price objective on shares of United Airlines in a research report on Friday, April 24th. Finally, BMO Capital Markets lifted their price objective on United Airlines from $110.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $132.18.
Read Our Latest Analysis on UAL
Insider Activity at United Airlines
In other news, EVP Andrew P. Nocella sold 7,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $90.19, for a total value of $631,330.00. Following the completion of the sale, the executive vice president directly owned 215,345 shares in the company, valued at $19,421,965.55. This trade represents a 3.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.86% of the stock is currently owned by corporate insiders.
About United Airlines
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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