Hartford Investment Management Co. lowered its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 24.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,582 shares of the transportation company’s stock after selling 7,467 shares during the quarter. Hartford Investment Management Co.’s holdings in United Airlines were worth $889,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the company. Lido Advisors LLC raised its stake in shares of United Airlines by 79.0% in the third quarter. Lido Advisors LLC now owns 10,593 shares of the transportation company’s stock valued at $344,000 after acquiring an additional 4,676 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of United Airlines by 0.7% in the third quarter. Vanguard Group Inc. now owns 35,754,328 shares of the transportation company’s stock valued at $1,163,088,000 after acquiring an additional 244,174 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of United Airlines by 2.8% in the third quarter. Hsbc Holdings PLC now owns 255,282 shares of the transportation company’s stock valued at $8,412,000 after acquiring an additional 6,852 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of United Airlines by 358.4% in the third quarter. Engineers Gate Manager LP now owns 134,024 shares of the transportation company’s stock valued at $4,360,000 after acquiring an additional 104,788 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of United Airlines by 475.2% in the third quarter. Tower Research Capital LLC TRC now owns 71,816 shares of the transportation company’s stock valued at $2,336,000 after acquiring an additional 59,331 shares in the last quarter. Institutional investors and hedge funds own 59.73% of the company’s stock.
Insider Buying and Selling
In related news, Director Edward Shapiro purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were purchased at an average price of $42.59 per share, with a total value of $1,064,750.00. Following the completion of the acquisition, the director now directly owns 200,000 shares in the company, valued at approximately $8,518,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other United Airlines news, Director Edward Shapiro acquired 25,000 shares of the stock in a transaction on Wednesday, March 15th. The shares were bought at an average price of $42.59 per share, with a total value of $1,064,750.00. Following the acquisition, the director now owns 200,000 shares of the company’s stock, valued at $8,518,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gregory L. Hart sold 20,000 shares of United Airlines stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $50.73, for a total value of $1,014,600.00. Following the completion of the sale, the executive vice president now directly owns 19,652 shares in the company, valued at approximately $996,945.96. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.
Analyst Ratings Changes
United Airlines Stock Performance
NASDAQ UAL opened at $44.25 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of 4.12. United Airlines Holdings, Inc. has a 52-week low of $31.58 and a 52-week high of $55.04. The business’s 50-day moving average price is $48.45 and its 200 day moving average price is $43.29. The firm has a market cap of $14.47 billion, a P/E ratio of 20.39, a P/E/G ratio of 0.10 and a beta of 1.43.
United Airlines (NASDAQ:UAL – Get Rating) last released its quarterly earnings results on Tuesday, January 17th. The transportation company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.39. United Airlines had a return on equity of 17.15% and a net margin of 1.64%. The firm had revenue of $12.40 billion for the quarter, compared to analyst estimates of $12.23 billion. During the same quarter last year, the company posted ($1.60) earnings per share. The business’s revenue was up 51.4% on a year-over-year basis. On average, equities research analysts expect that United Airlines Holdings, Inc. will post 9.07 earnings per share for the current year.
United Airlines Profile
United Airlines Holdings, Inc is a holding company, which engages in the provision of transportation services. It operates through the following geographical segments: Domestic, Atlantic, Pacific, and Latin America. The company was founded on December 30, 1968 and is headquartered in Chicago, IL.
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