United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Purchased by Allworth Financial LP

Allworth Financial LP raised its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 4.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,864 shares of the transportation company’s stock after buying an additional 264 shares during the quarter. Allworth Financial LP’s holdings in United Airlines were worth $392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wahed Invest LLC grew its holdings in shares of United Airlines by 13.7% during the first quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 192 shares during the last quarter. Cromwell Holdings LLC grew its holdings in United Airlines by 31.4% in the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after buying an additional 222 shares in the last quarter. Mather Group LLC. grew its holdings in United Airlines by 26.6% in the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock worth $56,000 after buying an additional 247 shares in the last quarter. UMB Bank n.a. grew its holdings in United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after buying an additional 255 shares in the last quarter. Finally, XML Financial LLC grew its holdings in United Airlines by 2.3% in the 1st quarter. XML Financial LLC now owns 11,970 shares of the transportation company’s stock worth $573,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Activity

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the sale, the executive vice president now owns 30,427 shares in the company, valued at $2,190,744. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $76.93 on Wednesday. United Airlines Holdings, Inc. has a one year low of $34.13 and a one year high of $77.94. The stock has a fifty day moving average of $56.05 and a 200-day moving average of $51.32. The company has a market capitalization of $25.30 billion, a PE ratio of 9.28, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79.

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 company had revenue of $14.84 billion during the quarter, compared to analyst estimates 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 prior year, the company earned $3.65 earnings per share. As a group, equities analysts anticipate that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

United Airlines declared that its board has authorized a share buyback program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

UAL has been the subject of a number of recent analyst reports. Barclays increased their price objective on United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. TD Cowen increased their price objective on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Jefferies Financial Group increased their price target on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Bank of America increased their price target on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley increased their price target on United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

About United Airlines

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.