Greenleaf Trust Cuts Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Greenleaf Trust lowered its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,670 shares of the transportation company’s stock after selling 276 shares during the quarter. Greenleaf Trust’s holdings in United Airlines were worth $324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. Price T Rowe Associates Inc. MD increased its holdings in shares of United Airlines by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after acquiring an additional 64,542 shares during the last quarter. Bessemer Group Inc. raised its holdings in United Airlines by 47.4% during the first quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock worth $261,000 after purchasing an additional 1,759 shares in the last quarter. Tidal Investments LLC lifted its position in shares of United Airlines by 16.4% during the 1st quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after buying an additional 2,456 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of United Airlines by 1.0% in the 1st quarter. Texas Permanent School Fund Corp now owns 67,719 shares of the transportation company’s stock valued at $3,242,000 after buying an additional 669 shares in the last quarter. Finally, Senator Investment Group LP grew its position in shares of United Airlines by 39.5% in the 2nd quarter. Senator Investment Group LP now owns 1,046,051 shares of the transportation company’s stock valued at $50,901,000 after buying an additional 296,051 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Trading Up 0.2 %

NASDAQ:UAL opened at $74.64 on Friday. United Airlines Holdings, Inc. has a 52-week low of $33.68 and a 52-week high of $76.08. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The stock has a fifty day simple moving average of $54.68 and a 200-day simple moving average of $50.73. The company has a market capitalization of $24.54 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44.

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

United Airlines announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on UAL shares. Sanford C. Bernstein boosted their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Susquehanna boosted their price objective 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 raised their target price on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. TD Cowen boosted their price target on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Jefferies Financial Group raised their price objective on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insider Activity at United Airlines

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