nVerses Capital LLC Sells 700 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

nVerses Capital LLC lessened its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 4.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,100 shares of the transportation company’s stock after selling 700 shares during the period. nVerses Capital LLC’s holdings in United Airlines were worth $919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas purchased a new stake in United Airlines in the first quarter valued at $25,000. Fidelis Capital Partners LLC purchased a new stake in United Airlines in the first quarter valued at $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines in the second quarter valued at $30,000. Crewe Advisors LLC purchased a new stake in United Airlines in the first quarter valued at $32,000. Finally, GoalVest Advisory LLC purchased a new stake in United Airlines in the first quarter valued at $33,000. Institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on UAL. Barclays upped their price target on shares of United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday. Jefferies Financial Group upped their price objective on shares of United Airlines from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. TD Cowen upped their price objective on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday. Bank of America upped their price objective on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Morgan Stanley upped their price objective on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.44.

United Airlines Stock Up 0.6 %

Shares of UAL traded up $0.41 during midday trading on Thursday, reaching $72.42. The stock had a trading volume of 4,803,094 shares, compared to its average volume of 8,623,209. United Airlines Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $73.87. The company’s fifty day simple moving average is $50.08 and its two-hundred day simple moving average is $49.33. The company has a market cap of $23.81 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 0.94 and a beta of 1.44. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.77 and a quick ratio of 0.71.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data 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 net margin of 5.28% and a return on equity of 33.90%. The business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same period last year, the business earned $3.65 EPS. Equities research analysts expect that United Airlines Holdings, Inc. will post 9.88 earnings per share for the current year.

United Airlines declared that its board has initiated a stock repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are typically a sign 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.