According to the most recent Form 13F filing that Seatown Holdings Pte. Ltd. made with the Securities and Exchange Commission (SEC), the company decreased its holdings of United Airlines Holdings, Inc. (NASDAQ: UAL) by 33.2% during the third quarter. The company provided this information. Following a quarter-long transaction in which they sold 200,000 shares of the transportation company’s stock, the institutional investor now holds 402,491 shares of the company’s common stock. Because Seatown Holdings Pte. Ltd. holds a 2.0% stake in United Airlines as part of its investment portfolio, the airline ranks as the 18th largest asset in that portfolio. According to the most recent SEC report filed by Seatown Holdings Pte. Ltd., the company has a total value of $13,093,000 worth of ownership in United Airlines, which amounts to 0.12% of the company.
As a direct consequence of this, various other hedge funds and institutional investors have recently adjusted their positions in the market. CoreCap Advisors LLC invested approximately $26,000 during the second quarter toward expanding the company’s ownership stake in United Airlines. The goal of Western Pacific Wealth Management LP’s investment of approximately $27,000 during the third quarter was to increase the number of shares of United Airlines that it held in its portfolio. Wahed Invest LLC increased its holdings in United Airlines during the second quarter by purchasing additional stock. It was estimated that this new stake was worth approximately $31,000. Creative Financial Designs Inc. (ADV) increased its stake in United Airlines by 85.8 percent over the second quarter. Because of the recent purchase of an additional 429 shares, Creative Financial Designs Inc. (ADV) now holds 929 shares of the stock held by the transportation company. According to the most recent information on the stock market, the value of these shares is $33,000.
Last but not least, during the second quarter, the value of the shares of United Airlines that CVA Family Office LLC owned increased by 643.1%. CVA Family Office LLC now has 966 shares of the transportation company’s stock, currently valued at $34,000, after purchasing an additional 836 shares during the period in question. These shares were acquired through the purchase of additional transactions. The company’s outstanding shares are currently owned by hedge funds and other types of institutional investors for 59.73% of the total.
On October 20, Gregory L. Hart, the company’s Executive Vice President, sold 30,000 of the company’s shares of stock. Other related news follows. The shares were sold at an average price of $39.54 each, which resulted in a total sale volume of stock worth $1,186,200.00. The volume of transactions determined the price of the shares. Following the successful conclusion of the transaction, the executive vice president is now the direct owner of 25,258 shares of company stock, which have a combined value of $998,701.32. You can read the legal document submitted to the Securities and Exchange Commission regarding the transaction by clicking on the link provided here to access it. On December 14, director James A. C. Kennedy purchased 2,000 shares in United Airlines. This news is relevant to this topic and was reported in the news. The total value of the shares, which was calculated to be $79,440.00, resulted in an average price per share of $39.72. Following the successful completion of the acquisition, the director is now the direct owner of 16,596 shares of the company. The total value of these shares is approximately 659,193.12 dollars. You can locate the document containing the information given to the Securities and Exchange Commission regarding the transaction on this website. The document contains all of the information that was provided to them. In addition, on Thursday, October 20, Gregory L. Hart, Executive Vice President of the company, sold 30,000 of the firm’s shares of stock. The price paid for each share, which totaled $1,186,200.00 after being sold, was an average of $ 39.54 dollars. Following the completion of the sale, the executive vice president will have a total of 25,258 company shares, which will have a value of $998,701.32 at the time of the sale. Disclosures that are related to the sale might be found in this section of the website. The company’s insiders own 0.37 percent of the total number of outstanding shares.
UAL has been the subject of several reports compiled by specialists in the field of research. Citigroup raised their price target for United Airlines’ stock from $56.00 to $65.00 and gave the company a “buy” rating in research released on Friday, October 21. Additionally, they upgraded their rating for the stock to “buy.” In addition, they increased the price target they had established for the company from $56.00 to $65.00. The first mention of United Airlines appeared on StockNews.com on October 12, making this date significant. They recommended that shareholders “hold” their shares of the company. On Monday, December 5, Morgan Stanley released a study with a price objective of $67.00 and upgraded United Airlines from “equal weight” to “overweight” in the company’s rating system. The upgrade took place in the company’s rating system. The rating for United Airlines has been raised from “d+” to “c-” in a report that TheStreet disseminated on Tuesday, September 20. On December 16, the Goldman Sachs Group started providing coverage for United Airlines. This coverage began on a Friday. They suggested making a “buy” investment in the company and estimated it would be worth $51.00 by the end of the year. Various financial analysts have made ten recommendations to buy the stock, three to sell it, seven to hold it, and three to sell it. The financial experts working for Bloomberg have concluded that investors should “hold” the company’s stock, and their price target for the stock is currently set at $52.15.
On Wednesday, only 349,393 NASDAQ UAL shares were traded, which is significantly lower than the typical volume of 12,654,521 shares traded on that exchange. This led to the stock price increasing by $0.87, bringing it up to $52.07. The company possesses a price-to-earnings ratio of -21.60, a beta value of 1.35, and a market capitalization of $17.01 billion. Currently, the company’s share price is trading at $42.66, higher than its 50-day simple moving average and $39.29 lower than its 200-day simple moving average. A debt-to-equity ratio comes in at 5.84; a quick ratio comes in at 0.98; a current ratio comes in at 1.03; and a quick ratio comes in at 0.98. During the previous year, the price of a share of United Airlines Holdings, Inc. fluctuated between $30.54 and $53.12, with a low of $30.54 and a high of $53.12, respectively.
United Airlines (NASDAQ: UAL) made the most recent findings of its quarterly financial report available to the public on January 18. The results of the transportation business came in $0.36 higher than the analysts’ average prediction of $2.10 per share, which allowed the business to report earnings of $2.46 per share for the quarter. United Airlines had a negative return on equity and a negative net margin. The company was in the red. The return on equity and the net margin was negative, coming in at -11.42% and -1.85%, respectively. The revenue for the company for the quarter came in at $12.40 billion, which is a significant increase over the average prediction of $12.23 billion in revenue for the quarter. The company’s revenue per share came in at a loss of $1.60 when measured against the same period in the previous year’s financial report. United Airlines’ revenue rose by 51.4% when measured against the company’s performance during the same quarter in the previous year. The current fiscal year is expected to bring in profits of $2.11 per share for United Airlines Holdings, Inc., according to projections made by experts in the relevant industry.
United Airlines Holdings, Inc. is a holding company for an airline that conducts business in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America through its subsidiaries. It is the responsibility of the corporation’s mainline fleet, as well as its regional fleets, to transport both passengers and cargo. In addition, it offers additional services for events held off-site, including maintenance, ground support, instruction, and catering.
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