Investment House LLC Buys 8,000 Shares of United Airlines Holdings Inc $UAL

Investment House LLC purchased a new position in United Airlines Holdings Inc (NASDAQ:UAL) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,000 shares of the transportation company’s stock, valued at approximately $888,000.

A number of other institutional investors and hedge funds have also bought and sold shares of UAL. SJS Investment Consulting Inc. boosted its stake in shares of United Airlines by 17.0% in the first quarter. SJS Investment Consulting Inc. now owns 861 shares of the transportation company’s stock worth $79,000 after acquiring an additional 125 shares during the period. Pinnacle Associates Ltd. raised its stake in United Airlines by 2.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 6,461 shares of the transportation company’s stock valued at $717,000 after purchasing an additional 127 shares during the period. Foster Victor Wealth Advisors LLC raised its stake 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 purchasing an additional 137 shares during the period. Koshinski Asset Management Inc. lifted its holdings in United Airlines by 3.7% in the 1st quarter. Koshinski Asset Management Inc. now owns 3,914 shares of the transportation company’s stock worth $360,000 after purchasing an additional 138 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC lifted its holdings in United Airlines by 32.1% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 654 shares of the transportation company’s stock worth $60,000 after purchasing an additional 159 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Performance

NASDAQ UAL opened at $97.93 on Friday. The business’s 50 day moving average price is $108.88 and its 200-day moving average price is $110.69. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77. The company has a market cap of $31.82 billion, a P/E ratio of 11.56, a P/E/G ratio of 1.24 and a beta of 1.30. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.72 and a current ratio of 0.75.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results 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). United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The company had revenue of $17.88 billion during the quarter, compared to the consensus estimate of $17.89 billion. During the same quarter in the prior year, the business earned $2.78 earnings per share. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. Sell-side analysts predict that United Airlines Holdings Inc will post 7.49 earnings per share for the current year.

Key Headlines Impacting United Airlines

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

Insider Transactions at United Airlines

In related news, EVP Andrew P. Nocella sold 5,000 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total value of $585,000.00. Following the sale, the executive vice president directly owned 214,955 shares of the company’s stock, valued at $25,149,735. This represents a 2.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Brett Hart sold 30,108 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the completion of the sale, the president directly owned 371,583 shares of the company’s stock, valued at approximately $44,857,499.76. The trade was a 7.50% decrease in their position. 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. Over the last ninety days, insiders have sold 42,308 shares of company stock valued at $5,122,554. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on UAL shares. Barclays dropped their price target on United Airlines from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. Wells Fargo & Company lowered their target price on shares of United Airlines from $160.00 to $155.00 and set an “overweight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. upped their target price on shares of United Airlines from $156.00 to $203.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Evercore reaffirmed an “outperform” rating and set a $160.00 target price on shares of United Airlines in a research note on Wednesday. Finally, UBS Group reduced their price target on shares of United Airlines from $146.00 to $139.00 and set a “buy” rating on the stock in a report on Friday, October 16th. Sixteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and an average target price of $156.19.

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.