Mirae Asset Global Investments Co. Ltd. Buys New Holdings in United Airlines Holdings Inc $UAL

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 81,208 shares of the transportation company’s stock, valued at approximately $9,010,000.

A number of other hedge funds also recently modified their holdings of UAL. Primecap Management Co. CA acquired a new position in shares of United Airlines in the second quarter valued at approximately $2,238,617,000. International Assets Investment Management LLC boosted its stake in shares of United Airlines by 7,757.6% in the third quarter. International Assets Investment Management LLC now owns 1,426,000 shares of the transportation company’s stock valued at $158,215,000 after buying an additional 1,407,852 shares during the period. Deutsche Bank AG acquired a new position in United Airlines in the 2nd quarter valued at $178,571,000. Bank of New York Mellon Corp acquired a new position in United Airlines in the 2nd quarter valued at $178,508,000. Finally, Bank of America Corp DE bought a new stake in shares of United Airlines during the 2nd quarter valued at $153,537,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Trading Up 8.0%

NASDAQ:UAL opened at $115.76 on Thursday. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $37.61 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.37 and a beta of 1.38. The firm has a fifty day simple moving average of $107.41 and a two-hundred day simple moving average of $108.22.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). The company 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%. United Airlines’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the company earned $2.78 EPS. Analysts expect that United Airlines Holdings Inc will post 7.10 EPS for the current fiscal year.

Insider Buying and Selling

In other United Airlines news, EVP Andrew P. Nocella sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was 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 trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Brett Hart sold 39,000 shares of the stock in a transaction on Friday, October 30th. The stock was sold at an average price of $102.68, for a total value of $4,004,520.00. Following the completion of the transaction, the president owned 325,122 shares in the company, valued at approximately $33,383,526.96. This represents a 10.71% 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.

Analyst Ratings Changes

UAL has been the topic of several analyst reports. Susquehanna reduced their target price on United Airlines from $150.00 to $130.00 and set a “positive” rating on the stock in a report on Thursday, October 22nd. UBS Group reduced their price objective on United Airlines from $146.00 to $139.00 and set a “buy” rating on the stock in a research note on Friday, October 16th. Sanford C. Bernstein set a $160.00 target price on shares of United Airlines in a research note on Tuesday, October 20th. Wells Fargo & Company dropped their target price on United Airlines from $160.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, October 22nd. Finally, Rothschild & Co Redburn reduced their price target on United Airlines from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, September 18th. Sixteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and a consensus target price of $156.19.

About United Airlines

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.