Factory Mutual Insurance Co. Sells 29,668 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Factory Mutual Insurance Co. lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UALGet Rating) by 8.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 325,800 shares of the transportation company’s stock after selling 29,668 shares during the quarter. Factory Mutual Insurance Co.’s holdings in United Airlines were worth $12,876,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its holdings in shares of United Airlines by 1.8% in the third quarter. Geode Capital Management LLC now owns 5,870,770 shares of the transportation company’s stock worth $278,834,000 after acquiring an additional 104,173 shares during the period. Capital World Investors increased its position in shares of United Airlines by 5.4% during the 3rd quarter. Capital World Investors now owns 4,178,309 shares of the transportation company’s stock valued at $198,762,000 after purchasing an additional 215,816 shares during the last quarter. Invesco Ltd. lifted its stake in shares of United Airlines by 7.5% in the 3rd quarter. Invesco Ltd. now owns 2,592,500 shares of the transportation company’s stock worth $123,325,000 after purchasing an additional 180,477 shares during the period. Northern Trust Corp boosted its holdings in shares of United Airlines by 3.0% in the fourth quarter. Northern Trust Corp now owns 2,585,681 shares of the transportation company’s stock worth $113,200,000 after buying an additional 75,296 shares during the last quarter. Finally, Morgan Stanley grew its position in United Airlines by 11.2% during the third quarter. Morgan Stanley now owns 2,085,386 shares of the transportation company’s stock valued at $99,202,000 after buying an additional 210,568 shares during the period. 57.92% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines stock traded up $2.74 during midday trading on Tuesday, reaching $46.28. 346,378 shares of the stock traded hands, compared to its average volume of 16,388,026. The stock’s fifty day moving average is $44.44 and its 200-day moving average is $44.79. The company has a debt-to-equity ratio of 8.24, a current ratio of 1.04 and a quick ratio of 0.99. United Airlines Holdings, Inc. has a 12 month low of $30.54 and a 12 month high of $60.58.

United Airlines (NASDAQ:UALGet Rating) last posted its earnings results on Wednesday, April 20th. The transportation company reported ($4.24) EPS for the quarter, missing analysts’ consensus estimates of ($4.19) by ($0.05). United Airlines had a negative net margin of 6.85% and a negative return on equity of 73.54%. The firm had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.68 billion. During the same quarter in the prior year, the company posted ($7.50) earnings per share. The firm’s revenue was up 134.9% compared to the same quarter last year. On average, research analysts expect that United Airlines Holdings, Inc. will post -0.73 EPS for the current fiscal year.

UAL has been the subject of a number of recent research reports. Argus raised shares of United Airlines from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Friday, April 22nd. The Goldman Sachs Group boosted their price target on United Airlines from $52.00 to $59.00 and gave the company a “buy” rating in a report on Friday, April 22nd. Wolfe Research raised United Airlines from an “underperform” rating to a “peer perform” rating in a research note on Friday, May 6th. Susquehanna Bancshares cut their price objective on United Airlines from $60.00 to $55.00 in a research note on Friday, January 21st. Finally, Morgan Stanley raised their target price on shares of United Airlines from $62.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $63.33.

In other United Airlines news, EVP Torbjorn J. Enqvist sold 8,900 shares of the business’s stock in a transaction that occurred on Friday, April 22nd. The stock was sold at an average price of $51.33, for a total transaction of $456,837.00. Following the sale, the executive vice president now directly owns 19,190 shares of the company’s stock, valued at $985,022.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.37% of the company’s stock.

About United Airlines (Get Rating)

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.

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Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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