United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Holdings Lifted by Empirical Finance LLC

Empirical Finance LLC lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,128 shares of the transportation company’s stock after acquiring an additional 262 shares during the quarter. Empirical Finance LLC’s holdings in United Airlines were worth $1,263,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Global Trust Asset Management LLC purchased a new position in United Airlines in the 3rd quarter worth about $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of United Airlines during the second quarter valued at approximately $30,000. Crewe Advisors LLC purchased a new stake in shares of United Airlines in the 1st quarter valued at approximately $32,000. UMB Bank n.a. boosted its stake 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 purchasing an additional 255 shares during the period. Finally, Armstrong Advisory Group Inc. acquired a new stake in United Airlines during the 3rd quarter valued at $36,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research report on Friday. Jefferies Financial Group upped their target price on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 21st. Susquehanna raised their price target on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. TD Cowen increased their target price 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. Finally, Morgan Stanley boosted their price target on shares of United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.61.

United Airlines Stock Up 0.0 %

United Airlines stock opened at $91.17 on Friday. The firm has a market cap of $29.98 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.08 and a beta of 1.39. The firm has a fifty day moving average price of $66.95 and a two-hundred day moving average price of $54.48. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $93.33. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last announced its earnings results 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 firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate 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 EPS. As a group, analysts forecast that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines announced that its Board of Directors has initiated 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 reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is currently 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.