Trustmark National Bank Trust Department lowered its stake in United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 69.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,200 shares of the transportation company's stock after selling 18,967 shares during the quarter. Trustmark National Bank Trust Department's holdings in United Airlines were worth $380,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of Montreal Can lifted its stake in shares of United Airlines by 817.5% during the 4th quarter. Bank of Montreal Can now owns 3,921,981 shares of the transportation company's stock worth $173,077,000 after purchasing an additional 3,494,508 shares during the period. U S Global Investors Inc. lifted its stake in shares of United Airlines by 17.4% during the 1st quarter. U S Global Investors Inc. now owns 8,690,336 shares of the transportation company's stock worth $402,884,000 after purchasing an additional 1,286,491 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of United Airlines by 215.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,101,051 shares of the transportation company's stock worth $51,045,000 after purchasing an additional 752,373 shares during the period. Samlyn Capital LLC purchased a new position in shares of United Airlines during the 4th quarter worth $16,406,000. Finally, State Street Corp lifted its stake in shares of United Airlines by 3.3% during the 4th quarter. State Street Corp now owns 10,496,229 shares of the transportation company's stock worth $459,525,000 after purchasing an additional 334,272 shares during the period. Hedge funds and other institutional investors own 63.72% of the company's stock.
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Insider Activity at United Airlines
In related news, Director Edward Shapiro acquired 50,000 shares of the stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average price of $37.69 per share, for a total transaction of $1,884,500.00. Following the completion of the purchase, the director now directly owns 100,000 shares of the company's stock, valued at $3,769,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, COO Jonathan Roitman sold 13,939 shares of the firm's stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $36.85, for a total value of $513,652.15. Following the completion of the transaction, the chief operating officer now owns 13,938 shares of the company's stock, valued at approximately $513,615.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward Shapiro acquired 50,000 shares of the firm's stock in a transaction that occurred on Monday, June 13th. The stock was purchased at an average cost of $37.69 per share, with a total value of $1,884,500.00. Following the purchase, the director now directly owns 100,000 shares in the company, valued at approximately $3,769,000. The disclosure for this purchase can be found here. Company insiders own 0.37% of the company's stock.
United Airlines Stock Performance
UAL opened at $35.18 on Friday. The business's 50 day moving average is $37.53 and its 200-day moving average is $41.57. The stock has a market cap of $11.49 billion, a PE ratio of -9.28 and a beta of 1.29. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 7.41. United Airlines Holdings, Inc. has a twelve month low of $30.54 and a twelve month high of $54.52.
United Airlines (NASDAQ:UAL – Get Rating) last posted its quarterly earnings data on Wednesday, July 20th. The transportation company reported $1.43 EPS for the quarter, missing analysts' consensus estimates of $1.77 by ($0.34). United Airlines had a negative net margin of 3.43% and a negative return on equity of 38.92%. The company had revenue of $12.11 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the prior year, the business earned ($3.91) EPS. United Airlines's revenue was up 121.4% compared to the same quarter last year. On average, analysts predict that United Airlines Holdings, Inc. will post 0.43 earnings per share for the current year.
Wall Street Analysts Forecast Growth
UAL has been the subject of several recent research reports. Cowen lowered their price target on United Airlines from $86.50 to $75.00 and set an "outperform" rating for the company in a report on Friday, July 22nd. Susquehanna Bancshares cut shares of United Airlines to a "neutral" rating and set a $35.00 price target on the stock. in a research report on Monday, July 25th. Exane BNP Paribas cut shares of United Airlines from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $38.00 to $33.00 in a research report on Thursday, July 7th. Argus cut shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Thursday, July 7th. Finally, Evercore ISI cut their target price on shares of United Airlines to $38.00 in a report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $53.47.
About United Airlines
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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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