University of Texas Texas AM Investment Management Co. Purchases 6,326 Shares of United Airlines Holdings Inc $UAL

University of Texas Texas AM Investment Management Co. boosted its position in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 59.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,887 shares of the transportation company’s stock after buying an additional 6,326 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in United Airlines were worth $1,874,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Apollon Wealth Management LLC lifted its holdings in United Airlines by 1.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 10,327 shares of the transportation company’s stock valued at $1,146,000 after acquiring an additional 117 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in shares of United Airlines by 2.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 6,461 shares of the transportation company’s stock valued at $717,000 after purchasing an additional 127 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its position in shares of United Airlines by 6.1% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 2,392 shares of the transportation company’s stock valued at $265,000 after purchasing an additional 137 shares in the last quarter. Basecamp Wealth Advisors LLC grew its stake in shares of United Airlines by 32.1% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 654 shares of the transportation company’s stock worth $60,000 after purchasing an additional 159 shares during the last quarter. Finally, Capstone Wealth Management LLC grew its stake in shares of United Airlines by 6.4% in the 3rd quarter. Capstone Wealth Management LLC now owns 2,692 shares of the transportation company’s stock worth $299,000 after purchasing an additional 161 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Andrew P. Nocella sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total transaction of $585,000.00. Following the sale, the executive vice president owned 214,955 shares in the company, valued at $25,149,735. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Brett Hart sold 39,000 shares of the business’s stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $102.68, for a total transaction of $4,004,520.00. Following the sale, the president owned 325,122 shares in the company, valued at $33,383,526.96. This represents a 10.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.86% of the company’s stock.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $112.74 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77. The company has a market cap of $36.63 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 1.44 and a beta of 1.38. The business has a fifty day simple moving average of $107.33 and a 200-day simple moving average of $108.23.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). The company had revenue of $17.88 billion during the quarter, compared to analysts’ expectations of $17.89 billion. United Airlines had a return on equity of 17.59% and a net margin of 5.46%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.78 EPS. Sell-side analysts predict that United Airlines Holdings Inc will post 7.10 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. TD Cowen dropped their target price on shares of United Airlines from $192.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. JPMorgan Chase & Co. raised their target price on shares of United Airlines from $156.00 to $203.00 and gave the stock an “overweight” rating in a report on Friday, July 17th. Weiss Ratings restated a “hold (c+)” rating on shares of United Airlines in a research report on Thursday, October 15th. Barclays decreased their price target on shares of United Airlines from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Finally, Susquehanna dropped their price target on United Airlines from $150.00 to $130.00 and set a “positive” rating on the stock in a report on Thursday, October 22nd. Sixteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.19.

United Airlines Profile

United Airlines Holdings, Inc operates United Airlines, a major U.S. passenger and cargo airline. The company provides domestic and international air transportation, cargo services, and travel-related offerings, including its MileagePlus loyalty program. Regional service is also offered under the United Express brand through partner airlines.

United serves destinations across the Americas, Europe, Asia, Africa, and Oceania. Its network is organized around hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco, and Washington, DC

The airline traces its history to Varney Air Lines, founded in 1926, and has developed through mergers and acquisitions over the decades.