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United Airlines Holdings Inc (UAL) Stock Could Soon Reward Patient Investors

United Airlines Holdings Inc (NASDAQ: UAL) is 10.64% higher on its value in year-to-date trading and has touched a low of $33.68 and a high of $58.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UAL stock was last observed hovering at around $47.35 in the last trading session, with the day’s loss setting it -1.7%.

Currently trading at $45.65, the stock is 2.21% and 5.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.74 million and changing -3.59% at the moment leaves the stock 1.79% off its SMA200. UAL registered 4.44% gain for a year compared to 6-month gain of 7.92%. The firm has a 50-day simple moving average (SMA 50) of $0.65 and a 200-day simple moving average (SMA200) of $4.47.

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The stock witnessed a 1.81% loss in the last 1 month and extending the period to 3 months gives it a 10.64%, and is 1.69% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.81% over the week and 2.72% over the month.

United Airlines Holdings Inc (UAL) has around 103300 employees, a market worth around $14.97B and $53.72B in sales. Current P/E ratio is 5.79 and Fwd P/E is 3.87. Profit margin for the company is 4.87%. Distance from 52-week low is 35.54% and -21.60% from its 52-week high. The company has generated returns on investments over the last 12 months (6.35%).

United Airlines Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.54 with sales reaching $12.41B over the same period.The EPS is expected to shrink by -4.03% this year, but quarterly earnings will post 6.60% year-over-year. Quarterly sales are estimated to grow 8.60% in year-over-year returns.

United Airlines Holdings Inc (UAL) Top Institutional Holders

842 institutions hold shares in United Airlines Holdings Inc (UAL), with institutional investors hold 70.56% of the company’s shares. The shares outstanding are 328.02M, and float is at 326.31M with Short Float at 5.47%. Institutions hold 70.24% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 37.77 million shares valued at $2.07 billion. The investor’s holdings represent 14.16% of the UAL Shares outstanding. As of Jun 29, 2023, the second largest holder is Primecap Management Company with 23.56 million shares valued at $1.29 billion to account for 8.83% of the shares outstanding. The other top investors are Capital International Investors which holds 20.69 million shares representing 7.76% and valued at over $1.14 billion, while Blackrock Inc. holds 6.97% of the shares totaling 18.6 million with a market value of $1.02 billion.

United Airlines Holdings Inc (UAL) Insider Activity

The most recent transaction is an insider purchase by KENNEDY JAMES A C,the company’sDirector. SEC filings show that KENNEDY JAMES A C bought 1,500 shares of the company’s common stock on Nov 07 ’23 at a price of $36.67 per share for a total of $55005.0. Following the purchase, the insider now owns 29363.0 shares.

United Airlines Holdings Inc disclosed in a document filed with the SEC on Nov 06 ’23 that KENNEDY JAMES A C (Director) bought a total of 4,500 shares of the company’s common stock. The trade occurred on Nov 06 ’23 and was made at $36.43 per share for $0.16 million. Following the transaction, the insider now directly holds 27863.0 shares of the UAL stock.

Still, SEC filings show that on Jul 24 ’23, LADERMAN GERALD (EVP and CFO) disposed off 4,491 shares at an average price of $57.05 for $0.26 million. The insider now directly holds 133,213 shares of United Airlines Holdings Inc (UAL).

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