Huntington National Bank Has $75,000 Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Huntington National Bank raised its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 10.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,321 shares of the transportation company’s stock after buying an additional 129 shares during the quarter. Huntington National Bank’s holdings in United Airlines were worth $75,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. US Bancorp DE raised its stake in United Airlines by 16.8% during the 1st quarter. US Bancorp DE now owns 11,425 shares of the transportation company’s stock worth $547,000 after buying an additional 1,641 shares during the period. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of United Airlines during the first quarter worth about $261,000. Edgestream Partners L.P. bought a new position in shares of United Airlines during the 1st quarter valued at about $314,000. UniSuper Management Pty Ltd grew its position in shares of United Airlines by 1,155.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 20,363 shares of the transportation company’s stock valued at $975,000 after purchasing an additional 18,741 shares during the period. Finally, Bessemer Group Inc. increased its stake in United Airlines by 47.4% during the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company’s stock worth $261,000 after purchasing an additional 1,759 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Kate Gebo sold 17,500 shares of the business’s 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 completion of the sale, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

United Airlines Stock Performance

NASDAQ UAL opened at $90.38 on Tuesday. The firm has a market capitalization of $29.72 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The firm’s fifty day moving average price is $67.78 and its two-hundred day moving average price is $54.77. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $93.33.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period last year, the business posted $3.65 EPS. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines declared that its board has approved a share repurchase 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 repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

UAL has been the subject of several research analyst reports. Susquehanna upped their price target on shares of United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, October 17th. Bank of America increased their target price on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Jefferies Financial Group boosted their price target on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 21st. Sanford C. Bernstein increased their price objective on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, TD Cowen boosted their target price on United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $86.61.

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.