United Airlines Holdings, Inc. (NASDAQ:UAL) Stake Lessened by Total Investment Management Inc.

Total Investment Management Inc. reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,579 shares of the transportation company’s stock after selling 2,061 shares during the quarter. Total Investment Management Inc.’s holdings in United Airlines were worth $775,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Interval Partners LP bought a new position in United Airlines during the first quarter valued at approximately $103,354,000. Point72 Asset Management L.P. raised its holdings in shares of United Airlines by 489.2% during 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 purchasing an additional 1,905,664 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of 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 purchasing an additional 1,263,604 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in United Airlines by 177.6% in the third quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock worth $75,570,000 after purchasing an additional 847,348 shares in the last quarter. Finally, Senator Investment Group LP acquired a new position in United Airlines during the first quarter worth $35,910,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Bank of America upped their price target on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Susquehanna increased their price target on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, October 17th. TD Cowen boosted their price objective on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Sanford C. Bernstein raised their target price on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, Jefferies Financial Group boosted their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, United Airlines has an average rating of “Moderate Buy” and an average target price of $78.94.

United Airlines Stock Performance

United Airlines stock opened at $88.72 on Tuesday. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $89.60. The stock has a market capitalization of $29.18 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 1.04 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. The stock has a 50-day simple moving average of $63.31 and a 200 day simple moving average of $53.42.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter in the previous year, the company earned $3.65 EPS. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other news, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the completion of the sale, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

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.