Douglas Lane & Associates LLC raised its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 420,090 shares of the transportation company's stock after purchasing an additional 7,113 shares during the period. Douglas Lane & Associates LLC owned 0.13% of United Airlines worth $14,880,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Sabal Trust CO bought a new position in shares of United Airlines in the 2nd quarter worth about $715,000. Oxinas Partners Wealth Management LLC raised its position in shares of United Airlines by 10.1% in the 2nd quarter. Oxinas Partners Wealth Management LLC now owns 80,468 shares of the transportation company's stock worth $2,850,000 after acquiring an additional 7,388 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of United Airlines by 31.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 197,407 shares of the transportation company's stock worth $6,992,000 after acquiring an additional 47,305 shares in the last quarter. CVA Family Office LLC raised its position in shares of United Airlines by 643.1% in the 2nd quarter. CVA Family Office LLC now owns 966 shares of the transportation company's stock worth $34,000 after acquiring an additional 836 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of United Airlines by 3.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 46,934 shares of the transportation company's stock worth $1,662,000 after acquiring an additional 1,380 shares in the last quarter. 63.72% of the stock is owned by institutional investors.
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United Airlines Trading Down 4.0 %
United Airlines stock opened at $33.07 on Monday. United Airlines Holdings, Inc. has a 12 month low of $30.54 and a 12 month high of $54.52. The company has a current ratio of 1.04, a quick ratio of 0.99 and a debt-to-equity ratio of 7.41. The business's 50 day simple moving average is $37.61 and its 200 day simple moving average is $40.90.
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 the consensus estimate of $1.86 by ($0.43). United Airlines had a negative net
margin of 3.43% and a negative return on equity of 38.92%. The firm had revenue of $12.11 billion during the quarter, compared to analysts' expectations of $12.11 billion. During the same quarter in the previous year, the company posted ($3.91) EPS. United Airlines's revenue for the quarter was up 121.4% on a year-over-year basis. As a group, research analysts expect that United Airlines Holdings, Inc. will post 0.44 EPS for the current fiscal year.
Insider Activity at United Airlines
In other news, Director Edward Shapiro acquired 25,000 shares of the company's stock in a transaction that occurred on Monday, July 25th. The shares were acquired at an average price of $35.84 per share, for a total transaction of $896,000.00. Following the completion of the purchase, the director now owns 125,000 shares in the company, valued at $4,480,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is owned by company insiders.
Analyst Ratings Changes
Several research firms have recently weighed in on UAL. Susquehanna lowered United Airlines from a "positive" rating to a "neutral" rating and set a $35.00 price objective for the company. in a research report on Wednesday, August 3rd. Susquehanna Bancshares lowered United Airlines to a "neutral" rating and set a $35.00 target price for the company. in a research report on Monday, July 25th. Cowen decreased their target price on United Airlines from $86.50 to $75.00 and set an "outperform" rating for the company in a research report on Friday, July 22nd. TheStreet raised United Airlines from a "d+" rating to a "c-" rating in a research report on Tuesday, September 20th. Finally, Evercore ISI decreased their target price on United Airlines to $38.00 in a research report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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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