United Airlines Holdings, Inc. (NASDAQ: UAL) Shares Bought by Daiwa Securities Group Inc.


Daiwa Securities Group Inc. raised its position in United Airlines Holdings, Inc. (NASDAQ: UAL – Get Rating) by 19.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,601 shares of the transportation company’s stock after acquiring an additional 592 shares during the period. Daiwa Securities Group Inc.’s holdings in United Airlines were worth $ 167,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can lifted its stake in shares of United Airlines by 817.5% during the fourth quarter. Bank of Montreal Can now owns 3,921,981 shares of the transportation company’s stock worth $ 173,077,000 after buying an additional 3,494,508 shares during the period. Assenagon Asset Management SA lifted its stake in shares of United Airlines by 215.8% during the first quarter. Assenagon Asset Management SA now owns 1,101,051 shares of the transportation company’s stock worth $ 51,045,000 after buying an additional 752,373 shares during the period. Samlyn Capital LLC acquired a new stake in shares of United Airlines during the fourth quarter worth $ 16,406,000. State Street Corp lifted its stake in shares of United Airlines by 3.3% during the fourth quarter. State Street Corp now owns 10,496,229 shares of the transportation company’s stock worth $ 459,525,000 after buying an additional 334,272 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in shares of United Airlines by 524.9% during the fourth quarter. Qube Research & Technologies Ltd now owns 196,262 shares of the transportation company’s stock worth $ 8,592,000 after buying an additional 164,853 shares during the period. 57.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Airlines

In related news, Director Edward Shapiro bought 50,000 shares of the business’s stock in a transaction dated Monday, June 13th. The stock was acquired at an average price of $ 37.69 per share, with a total value 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 filing with the SEC, which is accessible through the SEC website. In related news, COO Jonathan Roitman sold 13,939 shares of the company’s stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $ 36.85, for a total transaction of $ 513,652.15. Following the completion of the sale, the chief operating officer now owns 13,938 shares of the company’s stock, valued at approximately $ 513,615.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Edward Shapiro acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average cost of $ 37.69 per share, with a total value of $ 1,884,500.00. Following the purchase, the director now owns 100,000 shares in the company, valued at approximately $ 3,769,000. The disclosure for this purchase can be found here. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Morgan Stanley lifted their price objective on shares of United Airlines from $ 62.00 to $ 67.00 and gave the stock an “equal weight” rating in a research note on Friday, April 22nd. Barclays decreased their target price on shares of United Airlines from $ 58.00 to $ 45.00 and set an “equal weight” rating for the company in a research report on Friday, July 8th. Susquehanna downgraded shares of United Airlines from a “positive” rating to a “neutral” rating and decreased their target price for the company from $ 43.00 to $ 35.00 in a research report on Monday. JPMorgan Chase & Co. upgraded shares of United Airlines from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $ 60.00 to $ 76.00 in a research report on Friday, April 22nd. Finally, BNP Paribas downgraded shares of United Airlines from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $ 38.00 to $ 33.00 in a research report on Thursday, July 7th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $ 52.75.

United Airlines Stock Up 0.0%

UAL opened at $ 36.34 on Tuesday. The stock has a market capitalization of $ 11.87 billion, a price-to-earnings ratio of -9.59 and a beta of 1.32. The company has a fifty day moving average of $ 40.14 and a two-hundred day moving average of $ 42.85. The company has a debt-to-equity ratio of 7.41, a quick ratio of 0.99 and a current ratio of 1.04. United Airlines Holdings, Inc. has a fifty-two week low of $ 30.54 and a fifty-two week high of $ 54.52.

United Airlines (NASDAQ: UAL – Get Rating) last released its earnings results on Wednesday, July 20th. The transportation company reported $ 1.43 EPS for the quarter, missing analysts’ consensus estimates of $ 1.77 by ($ 0.34). The company had revenue of $ 12.11 billion for the quarter, compared to analysts’ expectations of $ 12.11 billion. United Airlines had a negative return on equity of 38.92% and a negative net margin of 3.43%. The firm’s revenue for the quarter was up 121.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($ 3.91) EPS. On average, research analysts expect that United Airlines Holdings, Inc. will post 0.38 earnings per share for the current year.

United Airlines Profile

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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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Institutional Ownership by Quarter for United Airlines (NASDAQ: UAL)



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