Hartford Investment Management Co. Has $1.19 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Hartford Investment Management Co. cut its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,781 shares of the transportation company’s stock after selling 243 shares during the quarter. Hartford Investment Management Co.’s holdings in United Airlines were worth $1,186,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in UAL. BNP Paribas acquired a new stake in shares of United Airlines in the first quarter valued at approximately $25,000. Fidelis Capital Partners LLC acquired a new stake in United Airlines during the 1st quarter valued at $27,000. Strategic Investment Solutions Inc. IL bought a new position in United Airlines during the second quarter worth $30,000. Crewe Advisors LLC acquired a new position in shares of United Airlines in the first quarter valued at $32,000. Finally, UMB Bank n.a. raised its position in shares of United Airlines by 59.7% in the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 255 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Trading Up 0.2 %

Shares of UAL stock opened at $74.64 on Friday. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $76.08. The stock’s fifty day moving average price is $54.02 and its two-hundred day moving average price is $50.52. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The company has a market cap of $24.54 billion, a PE ratio of 9.23, a P/E/G ratio of 0.89 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The firm had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter in the previous year, the business posted $3.65 earnings per share. Equities analysts predict that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

United Airlines declared that its board has approved a stock repurchase plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on UAL. Susquehanna upped their price target on shares of United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Bank of America upped their target price on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. TD Cowen lifted their price target on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Morgan Stanley upped their price objective on United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group lifted their target price on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, United Airlines has an average rating of “Moderate Buy” and a consensus target price of $78.94.

Insider Activity at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.63% of the stock is owned by insiders.

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.