tru Independence LLC Raises Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

tru Independence LLC increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,230 shares of the transportation company’s stock after buying an additional 353 shares during the quarter. United Airlines comprises about 1.7% of tru Independence LLC’s holdings, making the stock its 24th largest position. tru Independence LLC’s holdings in United Airlines were worth $5,661,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in shares of United Airlines by 72.1% in the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 274 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in United Airlines during the 4th quarter worth approximately $27,000. GoalVest Advisory LLC purchased a new position in shares of United Airlines during the 1st quarter worth approximately $33,000. Richardson Capital Management LLC acquired a new stake in shares of United Airlines in the 1st quarter valued at approximately $37,000. Finally, Mather Group LLC. acquired a new position in United Airlines during the first quarter worth $44,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Down 0.2 %

Shares of United Airlines stock traded down $0.11 during trading hours on Tuesday, hitting $48.22. 1,375,069 shares of the company’s stock traded hands, compared to its average volume of 8,999,722. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23. The stock has a 50 day simple moving average of $52.00 and a 200-day simple moving average of $46.23. The company has a market cap of $15.85 billion, a PE ratio of 5.97, a PEG ratio of 0.48 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.38. The firm had revenue of $12.54 billion for the quarter, compared to analysts’ expectations of $12.43 billion. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 9.93 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Kate Gebo sold 15,000 shares of United Airlines stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the transaction, the executive vice president now directly owns 57,512 shares in the company, valued at approximately $2,925,060.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

UAL has been the subject of a number of research analyst reports. Raymond James lifted their price target on shares of United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. StockNews.com raised United Airlines from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Susquehanna boosted their target price on United Airlines from $55.00 to $60.00 and gave the stock a “positive” rating in a research report on Thursday, April 18th. HSBC started coverage on United Airlines in a research report on Monday, May 13th. They issued a “buy” rating and a $69.20 price target for the company. Finally, Citigroup boosted their price objective on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.89.

United Airlines Company 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, flight academy, and maintenance services for third parties.