Bleakley Financial Group LLC Sells 639 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Bleakley Financial Group LLC reduced its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,959 shares of the transportation company’s stock after selling 639 shares during the quarter. Bleakley Financial Group LLC’s holdings in United Airlines were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Capital International Investors raised its holdings in United Airlines by 2.4% during the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after acquiring an additional 429,501 shares during the period. Dimensional Fund Advisors LP raised its holdings in United Airlines by 29.1% during the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after acquiring an additional 1,263,604 shares during the period. Point72 Asset Management L.P. raised its holdings in United Airlines by 489.2% during the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock valued at $111,687,000 after acquiring an additional 1,905,664 shares during the period. Interval Partners LP bought a new stake in United Airlines during the first quarter valued at about $103,354,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in United Airlines by 5.9% during 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 acquiring an additional 64,542 shares during the period. 69.69% of the stock is owned by institutional investors.

United Airlines Trading Up 0.7 %

UAL opened at $74.49 on Wednesday. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $74.96. The stock has a 50-day moving average of $52.72 and a 200 day moving average of $50.18. The firm has a market cap of $24.49 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.98 and a beta of 1.44. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL) last announced 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. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the previous year, the business earned $3.65 earnings per share. As a group, research analysts forecast that United Airlines Holdings, Inc. will post 10.05 EPS for the current year.

United Airlines announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on UAL shares. Sanford C. Bernstein raised their price target on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Bank of America lifted 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. TD Cowen lifted their target price on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. 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. Finally, Morgan Stanley lifted their target price on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and a consensus price target of $78.94.

Insider Buying and Selling at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’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 value of $1,044,000.00. Following the completion of the sale, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.