Public Sector Pension Investment Board Has $3.27 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Public Sector Pension Investment Board boosted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 57,322 shares of the transportation company’s stock after buying an additional 1,600 shares during the period. Public Sector Pension Investment Board’s holdings in United Airlines were worth $3,271,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Castle Hook Partners LP increased its position in shares of United Airlines by 176.1% during the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after acquiring an additional 2,707,442 shares in the last quarter. Rubric Capital Management LP bought a new position in United Airlines during the 3rd quarter worth about $63,486,000. Sanders Capital LLC increased its holdings in United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after purchasing an additional 1,040,589 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of United Airlines in the third quarter valued at about $115,000. Finally, Qsemble Capital Management LP boosted its position in shares of United Airlines by 5.0% during the third quarter. Qsemble Capital Management LP now owns 20,681 shares of the transportation company’s stock worth $1,180,000 after buying an additional 994 shares during the period. Institutional investors own 69.69% of the company’s stock.

Insider Activity at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s 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 directly owns 30,427 shares in the company, valued at $2,190,744. The trade was a 32.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 63,599 shares in the company, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,000 shares of company stock worth $8,158,900. Insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

UAL has been the topic of several research reports. Barclays boosted their target price on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. UBS Group restated a “buy” rating and set a $139.00 target price on shares of United Airlines in a report on Tuesday, November 26th. Citigroup raised their target price on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein increased their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, TD Cowen raised their price objective on United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $96.15.

United Airlines Price Performance

NASDAQ:UAL opened at $95.79 on Wednesday. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $101.60. The firm has a market capitalization of $31.50 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.15 and a beta of 1.44. The stock’s 50 day moving average price is $77.59 and its two-hundred day moving average price is $58.04. 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 (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The business had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter in the prior year, the business earned $3.65 EPS. On average, analysts anticipate that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines declared that its Board of Directors has initiated a share buyback program on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to buy up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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.