International Assets Investment Management LLC Has $5.22 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

International Assets Investment Management LLC increased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2,351.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 91,524 shares of the transportation company’s stock after acquiring an additional 87,790 shares during the period. International Assets Investment Management LLC’s holdings in United Airlines were worth $5,222,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Interval Partners LP acquired a new position in United Airlines during the 1st quarter worth $103,354,000. Point72 Asset Management L.P. increased its stake in shares of United Airlines by 489.2% in the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after purchasing an additional 1,905,664 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after purchasing an additional 1,263,604 shares during the last quarter. Senator Investment Group LP bought a new stake in United Airlines during the 1st quarter valued at approximately $35,910,000. Finally, Canada Pension Plan Investment Board grew its holdings in United Airlines by 452.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 713,800 shares of the transportation company’s stock valued at $34,177,000 after buying an additional 584,500 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Susquehanna increased their price objective on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Bank of America upped their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. TD Cowen raised their price target on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Morgan Stanley upped their price objective on shares of United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein lifted their target price on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.94.

United Airlines Trading Up 2.8 %

UAL stock opened at $80.46 on Friday. United Airlines Holdings, Inc. has a 1-year low of $35.24 and a 1-year high of $81.35. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The business’s 50 day moving average is $58.30 and its 200-day moving average is $51.99. The firm has a market cap of $26.46 billion, a P/E ratio of 9.71, a P/E/G ratio of 0.96 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. The firm 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 period in the prior year, the company posted $3.65 earnings per share. Equities analysts anticipate that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the transaction, the executive vice president now owns 30,427 shares in the company, 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 legal filing with the SEC, which is accessible through this link. 0.63% of the stock is currently owned by corporate insiders.

United Airlines 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.