Investment House LLC Makes New $888,000 Investment in United Airlines Holdings Inc $UAL

Investment House LLC bought a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 8,000 shares of the transportation company’s stock, valued at approximately $888,000.

Several other institutional investors and hedge funds have also made changes to their positions in UAL. Foster Victor Wealth Advisors LLC lifted its holdings in United Airlines by 6.1% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,392 shares of the transportation company’s stock valued at $265,000 after buying an additional 137 shares in the last quarter. PFS Partners LLC boosted its position in United Airlines by 139.4% in the 3rd quarter. PFS Partners LLC now owns 340 shares of the transportation company’s stock valued at $38,000 after buying an additional 198 shares during the period. Axxcess Wealth Management LLC grew its stake in United Airlines by 33.8% in the 3rd quarter. Axxcess Wealth Management LLC now owns 6,945 shares of the transportation company’s stock worth $771,000 after acquiring an additional 1,756 shares in the last quarter. Quadrant Capital Group LLC grew its stake in United Airlines by 3.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 13,276 shares of the transportation company’s stock worth $1,370,000 after acquiring an additional 427 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its position in shares of United Airlines by 2.0% during the third quarter. Pinnacle Associates Ltd. now owns 6,461 shares of the transportation company’s stock worth $717,000 after acquiring an additional 127 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Insider Activity at United Airlines

In other news, EVP Andrew Nocella sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total value of $585,000.00. Following the completion of the sale, the executive vice president owned 214,955 shares of the company’s stock, valued at approximately $25,149,735. This represents a 2.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Brett J. Hart sold 30,108 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the transaction, the president owned 371,583 shares in the company, valued at approximately $44,857,499.76. This represents a 7.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 42,308 shares of company stock valued at $5,122,554 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Key United Airlines News

Here are the key news stories impacting United Airlines this week:

• Positive Sentiment: Analysts remain constructive on UAL. Morgan Stanley reaffirmed its Buy rating, while TD Cowen maintained its Buy rating. Wells Fargo, Argus and Susquehanna also retain positive ratings, with price targets ranging from $125 to $155 despite recent reductions. Morgan Stanley Reaffirms Their Buy Rating on United Airlines Holdings
• Positive Sentiment: United’s premium-travel strategy, record third-quarter revenue and forecast for fourth-quarter revenue growth above 20% support the long-term case for higher margins and stronger earnings. United Airlines targets double-digit margins
• Positive Sentiment: Heavy trading in UAL call options indicates that some traders are positioning for a rebound, although options activity is not a guarantee of future performance. Stock Traders Purchase Large Volume of United Airlines Call Options
• Neutral Sentiment: United is opening what is described as the largest airport lounge in the Americas, potentially strengthening its premium brand and customer experience, but the near-term financial impact is unclear. United Airlines is opening the largest airport lounge in the Americas
• Negative Sentiment: Higher oil and jet-fuel prices are the main near-term concern. Airlines are favoring higher fares over fuller planes to protect profits, while United’s profit outlook was reportedly well below estimates because of fuel costs. US airlines favor higher fares over fuller planes as fuel costs squeeze profits
• Negative Sentiment: UAL is declining alongside American Airlines and Delta as the oil-price surge reverses the airline sector’s post-earnings relief rally. American Airlines Sinks as Oil Climb Reverses Post-Earnings Rebound
• Negative Sentiment: BMO Capital cut its UAL price target to $135 from $140, adding to concerns that analysts are moderating expectations even while maintaining a generally bullish stance. BMO Capital Adjusts Price Target on United Airlines

Analysts Set New Price Targets

UAL has been the subject of several research analyst reports. Zacks Research downgraded shares of United Airlines from a “hold” rating to a “strong sell” rating in a research note on Monday, September 28th. Evercore reiterated an “outperform” rating and issued a $160.00 price target on shares of United Airlines in a report on Wednesday. Wells Fargo & Company dropped their price objective on United Airlines from $160.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday. BMO Capital Markets reduced their price objective on United Airlines from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Morgan Stanley raised their price objective on United Airlines from $185.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.19.

United Airlines Stock Down 4.0%

NASDAQ:UAL opened at $97.93 on Friday. United Airlines Holdings Inc has a 1-year low of $84.64 and a 1-year high of $138.77. The company has a 50-day moving average of $108.88 and a 200 day moving average of $110.69. The firm has a market cap of $31.82 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.24 and a beta of 1.30. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.03). The business had revenue of $17.88 billion for the quarter, compared to the consensus estimate of $17.89 billion. United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.78 earnings per share. As a group, research analysts anticipate that United Airlines Holdings Inc will post 7.49 EPS for the current fiscal year.

United Airlines Company Profile

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.