Advisors Asset Management Inc. Sells 1,145 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Advisors Asset Management Inc. trimmed its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 10.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,201 shares of the transportation company’s stock after selling 1,145 shares during the quarter. Advisors Asset Management Inc.’s holdings in United Airlines were worth $582,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of United Airlines by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after buying an additional 64,542 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of United Airlines by 87.2% in the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock valued at $1,079,000 after buying an additional 8,808 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of United Airlines by 16.4% in the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock valued at $835,000 after buying an additional 2,456 shares during the last quarter. Senator Investment Group LP raised its holdings in shares of United Airlines by 39.5% in the second quarter. Senator Investment Group LP now owns 1,046,051 shares of the transportation company’s stock valued at $50,901,000 after buying an additional 296,051 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of United Airlines by 3.2% in the third quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company’s stock valued at $21,581,000 after buying an additional 11,601 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

Insider Buying and Selling at United Airlines

In other 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 sale, the executive vice president now owns 30,427 shares in the company, valued at $2,190,744. This represents a 32.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,000 shares of company stock worth $8,158,900. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley boosted their price objective on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Bank of America boosted their price objective on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. UBS Group reissued a “buy” rating and set a $139.00 price objective on shares of United Airlines in a report on Tuesday. Barclays boosted their price objective on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Susquehanna boosted their price objective on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.15.

United Airlines Price Performance

Shares of UAL opened at $96.35 on Thursday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a 50 day simple moving average of $74.07 and a 200 day simple moving average of $56.85. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $101.60. The firm has a market capitalization of $31.69 billion, a PE ratio of 11.62, a P/E/G ratio of 1.15 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.10 by $0.23. The firm had revenue of $14.84 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $3.65 EPS. Sell-side analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire 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.