Advisors Asset Management Inc. Sells 1,145 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Advisors Asset Management Inc. lessened its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 10.1% during the third quarter, Holdings Channel reports. The fund owned 10,201 shares of the transportation company’s stock after selling 1,145 shares during the period. Advisors Asset Management Inc.’s holdings in United Airlines were worth $582,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in UAL. Point72 Asset Management L.P. raised its stake in United Airlines by 489.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock valued at $111,687,000 after acquiring an additional 1,905,664 shares during the period. Dimensional Fund Advisors LP raised its stake in United Airlines by 29.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after acquiring an additional 1,263,604 shares during the period. Assenagon Asset Management S.A. raised its stake in United Airlines by 177.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock valued at $75,570,000 after acquiring an additional 847,348 shares during the period. Allspring Global Investments Holdings LLC raised its stake in United Airlines by 217.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 675,919 shares of the transportation company’s stock valued at $32,890,000 after acquiring an additional 462,957 shares during the period. Finally, Senator Investment Group LP raised its stake in 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 acquiring an additional 296,051 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

NASDAQ:UAL opened at $96.35 on Thursday. The stock’s 50-day simple moving average is $74.07 and its 200 day simple moving average is $56.85. The firm has a market capitalization of $31.69 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $101.60.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion for 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 last year, the firm posted $3.65 earnings per share. On average, analysts anticipate that United Airlines Holdings, Inc. will post 10.23 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

UAL has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price target on shares of United Airlines in a research note on Friday, November 15th. Jefferies Financial Group upped their price objective on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 21st. Barclays upped their price objective on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Susquehanna upped their price objective on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, October 17th. Finally, Sanford C. Bernstein upped their price objective on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and a consensus price target of $96.15.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is currently owned by insiders.

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.