27,352 Shares in United Airlines Holdings, Inc. (NASDAQ: UAL) Acquired by Aaron Wealth Advisors LLC


Aaron Wealth Advisors LLC acquired a new stake in shares of United Airlines Holdings, Inc. (NASDAQ: UAL – Get Rating) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 27,352 shares of the transportation company’s stock, valued at approximately $ 590,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of United Airlines by 3.3% in the 4th quarter. State Street Corp now owns 10,496,229 shares of the transportation company’s stock valued at $ 459,525,000 after buying an additional 334,272 shares in the last quarter. US Global Investors Inc. grew its holdings in shares of United Airlines by 17.4% in the 1st quarter. US 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 last quarter. Geode Capital Management LLC grew its holdings in shares of United Airlines by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 6,026,644 shares of the transportation company’s stock worth $ 263,454,000 after purchasing an additional 155,874 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of United Airlines by 817.5% in 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 last quarter. Finally, Invesco Ltd. grew its holdings in shares of United Airlines by 5.7% in the 4th quarter. Invesco Ltd. now owns 2,739,663 shares of the transportation company’s stock worth $ 119,942,000 after purchasing an additional 147,163 shares during the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UAL has been the topic of a number of research analyst reports. Melius initiated coverage on shares of United Airlines in a report on Monday, August 15th. They set a “buy” rating on the stock. Evercore ISI decreased their price objective on shares of United Airlines to $ 38.00 in a report on Friday, July 22nd. Citigroup decreased their price objective on shares of United Airlines from $ 71.00 to $ 56.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Argus lowered shares of United Airlines from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Finally, BNP Paribas lowered shares of United Airlines from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $ 38.00 to $ 33.00 in a report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, United Airlines has an average rating of “Hold” and an average price target of $ 53.47.

Insiders Place Their Bets

In other United Airlines news, VP Chris Kenny sold 9,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $ 47.88, for a total transaction of $ 464,436.00. Following the sale, the vice president now directly owns 19,605 shares in the company, valued at approximately $ 938,687.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Chris Kenny sold 9,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $ 47.88, for a total transaction of $ 464,436.00. Following the completion of the transaction, the vice president now directly owns 19,605 shares of the company’s stock, valued at approximately $ 938,687.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward Shapiro purchased 25,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The shares were acquired at an average cost of $ 35.84 per share, with a total value of $ 896,000.00. Following the completion of the purchase, the director now directly owns 125,000 shares in the company, valued at $ 4,480,000. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 100,000 shares of company stock worth $ 3,910,500. Company insiders own 0.37% of the company’s stock.

United Airlines Stock Performance

Shares of UAL stock opened at $ 37.50 on Monday. The company has a debt-to-equity ratio of 7.41, a quick ratio of 0.99 and a current ratio of 1.04. The company has a market capitalization of $ 12.25 billion, a P / E ratio of -9.89 and a beta of 1.29. The company’s 50 day moving average price is $ 37.53 and its two-hundred day moving average price is $ 42.06. United Airlines Holdings, Inc. has a 52 week low of $ 30.54 and a 52 week high of $ 54.52.

United Airlines (NASDAQ: UAL – Get Rating) last announced its earnings results on Wednesday, July 20th. The transportation company reported $ 1.43 EPS for the quarter, missing the consensus estimate of $ 1.77 by ($ 0.34). The company had revenue of $ 12.11 billion for the quarter, compared to analyst estimates of $ 12.11 billion. United Airlines had a negative return on equity of 38.92% and a negative net margin of 3.43%. The business’s quarterly revenue was up 121.4% on a year-over-year basis. During the same quarter last year, the business posted ($ 3.91) earnings per share. On average, analysts expect that United Airlines Holdings, Inc. will post 0.41 earnings per share for the current fiscal year.

United Airlines Company Profile

(Get Rating)

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.

See Also

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



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