MML Investors Services LLC Sells 703 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

MML Investors Services LLC decreased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,558 shares of the transportation company’s stock after selling 703 shares during the period. MML Investors Services LLC’s holdings in United Airlines were worth $602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Global Trust Asset Management LLC bought a new stake in shares of United Airlines during the 3rd quarter valued at about $29,000. Strategic Investment Solutions Inc. IL bought a new stake in United Airlines during the second quarter valued at approximately $30,000. UMB Bank n.a. increased its holdings in United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after buying an additional 255 shares during the last quarter. Armstrong Advisory Group Inc. bought a new position in United Airlines in the third quarter worth approximately $36,000. Finally, Quest Partners LLC boosted its stake in shares of United Airlines by 3,504.8% during the 2nd quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock worth $37,000 after acquiring an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 1.9 %

UAL stock opened at $97.40 on Friday. The firm has a fifty day moving average price of $87.67 and a 200 day moving average price of $62.06. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $105.09. The firm has a market cap of $32.03 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.12 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 issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same period last year, the company posted $3.65 EPS. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current fiscal year.

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

Insider Buying and Selling at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This represents a 48.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s 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 transaction, the executive vice president now owns 30,427 shares of the company’s stock, valued at $2,190,744. This trade represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,000 shares of company stock worth $8,158,900 over the last ninety days. Company insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on UAL. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Barclays raised their price objective on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Susquehanna boosted their price objective on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Citigroup raised their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Bank of America upped their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $98.95.

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.