Victory Capital Management Inc. Has $8.32 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Victory Capital Management Inc. trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,854 shares of the transportation company’s stock after selling 720 shares during the quarter. Victory Capital Management Inc.’s holdings in United Airlines were worth $8,322,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Global Trust Asset Management LLC acquired a new position in United Airlines in the 3rd quarter worth about $29,000. Strategic Investment Solutions Inc. IL bought a new position in shares of United Airlines during the second quarter worth about $30,000. Crewe Advisors LLC acquired a new stake in United Airlines during the 1st quarter valued at approximately $32,000. UMB Bank n.a. lifted its position in shares of United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after purchasing an additional 255 shares during the period. Finally, Armstrong Advisory Group Inc. bought a new stake in shares of United Airlines in the 3rd quarter valued at $36,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UAL. Susquehanna lifted their target price on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Morgan Stanley raised their price target on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Barclays upped their price objective on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Finally, Sanford C. Bernstein increased their price target on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.28.

United Airlines Trading Down 0.0 %

Shares of United Airlines stock opened at $94.59 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The firm has a market cap of $31.11 billion, a PE ratio of 11.41, a P/E/G ratio of 1.12 and a beta of 1.39. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $95.99. The stock has a fifty day moving average price of $70.52 and a 200-day moving average price of $55.62.

United Airlines (NASDAQ:UAL) last posted its quarterly 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. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the previous year, the firm posted $3.65 earnings per share. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines announced that its board has approved a stock buyback program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Transactions at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at $2,190,744. This trade represents a 32.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

About United Airlines

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.