Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,941 shares of the transportation company’s stock after acquiring an additional 5,150 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in United Airlines were worth $5,971,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of United Airlines by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 34,550,592 shares of the transportation company’s stock valued at $1,601,764,000 after acquiring an additional 700,850 shares during the last quarter. Capital International Investors purchased a new position in shares of United Airlines in the 1st quarter valued at approximately $351,299,000. Geode Capital Management LLC lifted its holdings in shares of United Airlines by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 6,871,405 shares of the transportation company’s stock valued at $258,795,000 after buying an additional 234,268 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of United Airlines by 247.3% in the 4th quarter. Renaissance Technologies LLC now owns 6,025,263 shares of the transportation company’s stock valued at $227,152,000 after buying an additional 4,290,600 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of United Airlines by 22.5% in the 4th quarter. Morgan Stanley now owns 3,707,896 shares of the transportation company’s stock valued at $139,788,000 after buying an additional 680,413 shares during the period. Institutional investors and hedge funds own 67.77% of the company’s stock.
Insiders Place Their Bets
In other United Airlines news, CFO Gerald Laderman sold 4,491 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $57.05, for a total transaction of $256,211.55. Following the transaction, the chief financial officer now owns 133,213 shares in the company, valued at $7,599,801.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CFO Gerald Laderman sold 4,491 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $57.05, for a total value of $256,211.55. Following the transaction, the chief financial officer now owns 133,213 shares in the company, valued at $7,599,801.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Gregory L. Hart sold 12,000 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $52.26, for a total value of $627,120.00. Following the completion of the transaction, the executive vice president now owns 26,434 shares in the company, valued at approximately $1,381,440.84. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
View Our Latest Stock Report on United Airlines
United Airlines Price Performance
UAL stock opened at $52.26 on Friday. The stock has a 50-day moving average price of $54.41 and a two-hundred day moving average price of $48.13. United Airlines Holdings, Inc. has a 12-month low of $31.58 and a 12-month high of $58.23. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 3.49. The company has a market cap of $17.14 billion, a PE ratio of 6.48 and a beta of 1.41.
United Airlines (NASDAQ:UAL – Get Free Report) last posted its quarterly earnings results on Thursday, July 20th. The transportation company reported $5.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $1.00. The firm had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $13.90 billion. United Airlines had a return on equity of 48.89% and a net margin of 5.24%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.43 earnings per share. As a group, research analysts predict that United Airlines Holdings, Inc. will post 11.39 EPS for the current year.
United Airlines Profile
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.
Read More
- Five stocks we like better than United Airlines
- Where Do I Find 52-Week Highs and Lows?
- Investing in Coffee: 3 Great Strategies to Consider
- The How and Why of Investing in Gold Stocks
- 5 Best Stocks to Buy in a Bear Market
- Investing in Commodities: What Are They? How to Invest in Them
- 3 Pharmaceutical Stocks to Buy and Hold for the Long Haul
Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report).
Receive News & Ratings for United Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Airlines and related companies with MarketBeat.com's FREE daily email newsletter.
