Provenance Wealth Advisors LLC Buys 7,449 Shares of United Airlines Holdings Inc $UAL

Provenance Wealth Advisors LLC purchased a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,449 shares of the transportation company’s stock, valued at approximately $826,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dunhill Financial LLC purchased a new position in shares of United Airlines in the second quarter valued at about $25,000. Elevation Wealth Partners LLC raised its stake in shares of United Airlines by 393.0% during the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 169 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of United Airlines during the second quarter valued at about $29,000. Rakuten Securities Inc. purchased a new stake in shares of United Airlines during the second quarter worth about $32,000. Finally, NBH Bank purchased a new stake in shares of United Airlines during the second quarter worth about $35,000. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UAL has been the topic of a number of research analyst reports. TD Cowen reduced their price target on United Airlines from $192.00 to $167.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Susquehanna dropped their price objective on United Airlines from $150.00 to $130.00 and set a “positive” rating for the company in a report on Thursday, October 22nd. Zacks Research cut United Airlines from a “hold” rating to a “strong sell” rating in a report on Monday, September 28th. Evercore reiterated an “outperform” rating and issued a $160.00 price objective on shares of United Airlines in a research report on Wednesday, October 21st. Finally, BMO Capital Markets reduced their target price on United Airlines from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Thursday, October 22nd. Sixteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.19.

Insider Activity at United Airlines

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

United Airlines Trading Up 8.0%

NASDAQ:UAL opened at $115.76 on Thursday. The company has a 50-day moving average price of $107.41 and a 200-day moving average price of $108.22. The stock has a market cap of $37.61 billion, a price-to-earnings ratio of 10.59, a P/E/G ratio of 1.37 and a beta of 1.38. The company has a current ratio of 0.75, a quick ratio of 0.68 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.

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

United Airlines Company Profile

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.