United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Spire Wealth Management

Posted by Defense World Staff on Apr 25th, 2023

Spire Wealth Management decreased its position in United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 32.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,332 shares of the transportation company’s stock after selling 3,076 shares during the quarter. Spire Wealth Management’s holdings in United Airlines were worth $239,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund raised its holdings in United Airlines by 0.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 25,209 shares of the transportation company’s stock worth $950,000 after acquiring an additional 208 shares in the last quarter. State of Michigan Retirement System grew its position in United Airlines by 0.3% during the third quarter. State of Michigan Retirement System now owns 88,428 shares of the transportation company’s stock worth $2,877,000 after buying an additional 300 shares in the last quarter. Utah Retirement Systems boosted its holdings in shares of United Airlines by 1.1% in the 3rd quarter. Utah Retirement Systems now owns 27,700 shares of the transportation company’s stock valued at $901,000 after purchasing an additional 300 shares in the last quarter. Czech National Bank boosted its holdings in shares of United Airlines by 0.8% in the 4th quarter. Czech National Bank now owns 38,267 shares of the transportation company’s stock valued at $1,443,000 after purchasing an additional 301 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of United Airlines by 5.3% during the 2nd quarter. Captrust Financial Advisors now owns 6,660 shares of the transportation company’s stock valued at $236,000 after acquiring an additional 334 shares in the last quarter. Institutional investors and hedge funds own 59.73% of the company’s stock.

Insider Activity

In other news, Director Edward Shapiro acquired 25,000 shares of the stock in a transaction dated Wednesday, March 15th. The stock was purchased at an average cost of $42.59 per share, with a total value of $1,064,750.00. Following the completion of the purchase, the director now owns 200,000 shares in the company, valued at approximately $8,518,000. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Edward Shapiro purchased 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 15th. The stock was bought at an average cost of $42.59 per share, with a total value of $1,064,750.00. Following the completion of the purchase, the director now directly owns 200,000 shares in the company, valued at $8,518,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gregory L. Hart sold 20,000 shares of the stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $50.73, for a total transaction of $1,014,600.00. Following the completion of the transaction, the executive vice president now directly owns 19,652 shares of the company’s stock, valued at $996,945.96. The disclosure for this sale can be found here. Insiders own 0.37% of the company’s stock.

United Airlines Stock Down 1.2 %

Shares of NASDAQ:UAL opened at $43.93 on Tuesday. United Airlines Holdings, Inc. has a 52-week low of $31.58 and a 52-week high of $55.04. The firm has a fifty day moving average of $42.91 and a 200 day moving average of $44.90. The firm has a market capitalization of $14.41 billion, a PE ratio of 7.55 and a beta of 1.42. The company has a debt-to-equity ratio of 4.13, a quick ratio of 0.86 and a current ratio of 0.91.

United Airlines (NASDAQ:UAL – Get Rating) last announced its earnings results on Wednesday, April 19th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.73) by $0.10. United Airlines had a net margin of 3.93% and a return on equity of 35.71%. The company had revenue of $11.43 billion during the quarter, compared to analyst estimates of $11.43 billion. During the same period in the previous year, the business earned ($4.24) earnings per share. The firm’s quarterly revenue was up 51.1% compared to the same quarter last year. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 9.66 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Raymond James raised their target price on United Airlines from $55.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, April 3rd. Morgan Stanley lifted their price objective on United Airlines from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 4th. Citigroup lifted their price objective on United Airlines from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday. Redburn Partners raised United Airlines from a “sell” rating to a “neutral” rating and set a $55.00 price objective for the company in a research report on Wednesday, February 8th. Finally, StockNews.com assumed coverage on United Airlines in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $54.14.

United Airlines Profile

(Get Rating)

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.