Raymond James & Associates lifted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 123,533 shares of the transportation company’s stock after acquiring an additional 4,968 shares during the quarter. Raymond James & Associates’ holdings in United Airlines were worth $4,019,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Xponance Inc. grew its position in United Airlines by 19.1% during the third quarter. Xponance Inc. now owns 35,417 shares of the transportation company’s stock worth $1,152,000 after buying an additional 5,669 shares during the period. State of Michigan Retirement System grew its position in United Airlines by 0.3% during the third quarter. State of Michigan Retirement System now owns 88,428 shares of the transportation company’s stock worth $2,877,000 after buying an additional 300 shares during the period. Twin Lakes Capital Management LLC purchased a new stake in shares of United Airlines in the third quarter valued at about $50,000. Whittier Trust Co. lifted its holdings in shares of United Airlines by 384.6% in the third quarter. Whittier Trust Co. now owns 1,575 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of United Airlines in the third quarter valued at about $680,000. 59.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at United Airlines
In other news, Director James A. C. Kennedy purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, December 14th. The stock was acquired at an average cost of $39.72 per share, with a total value of $79,440.00. Following the acquisition, the director now owns 16,596 shares in the company, valued at $659,193.12. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.37% of the company’s stock.
United Airlines Price Performance
United Airlines (NASDAQ:UAL – Get Rating) last released its quarterly earnings data on Wednesday, January 18th. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.36. United Airlines had a negative net margin of 1.85% and a negative return on equity of 11.42%. The company had revenue of $12.40 billion during the quarter, compared to analyst estimates of $12.23 billion. During the same quarter in the prior year, the business earned ($1.60) earnings per share. The business’s quarterly revenue was up 51.4% compared to the same quarter last year. As a group, analysts predict that United Airlines Holdings, Inc. will post 2.11 EPS for the current year.
Analysts Set New Price Targets
Several brokerages have issued reports on UAL. Argus raised shares of United Airlines from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Tuesday, December 6th. The Goldman Sachs Group began coverage on shares of United Airlines in a report on Friday, December 16th. They issued a “buy” rating and a $51.00 price target on the stock. Cowen reduced their price target on shares of United Airlines to $65.00 in a report on Thursday, October 20th. Bank of America upped their price objective on shares of United Airlines from $35.00 to $40.00 and gave the company an “underperform” rating in a research note on Thursday, October 20th. Finally, Citigroup upped their price objective on shares of United Airlines from $56.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, October 21st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $52.15.
United Airlines Profile
United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties.
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