Creative Planning Acquires 18,767 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Creative Planning boosted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 16.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 132,807 shares of the transportation company’s stock after buying an additional 18,767 shares during the quarter. Creative Planning’s holdings in United Airlines were worth $7,578,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. B. Riley Wealth Advisors Inc. raised its holdings in shares of United Airlines by 8.6% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 5,671 shares of the transportation company’s stock valued at $234,000 after acquiring an additional 447 shares in the last quarter. Global Assets Advisory LLC bought a new position in United Airlines in the 1st quarter worth $1,086,000. GoalVest Advisory LLC purchased a new position in shares of United Airlines in the 1st quarter valued at approximately $33,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of United Airlines by 1.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock valued at $930,000 after purchasing an additional 287 shares in the last quarter. Finally, 180 Wealth Advisors LLC grew its stake in United Airlines by 2.2% in the first quarter. 180 Wealth Advisors LLC now owns 13,847 shares of the transportation company’s stock worth $663,000 after purchasing an additional 304 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on UAL. Sanford C. Bernstein boosted their target price on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Susquehanna boosted their price objective on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Barclays raised their target price on shares of United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Morgan Stanley increased their price target on shares of United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group raised their price target on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, United Airlines presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.94.

Insider Activity

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the 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 approximately $2,190,744. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.63% of the company’s stock.

United Airlines Stock Down 1.4 %

UAL opened at $73.45 on Thursday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.71 and a current ratio of 0.79. The firm’s fifty day moving average is $53.39 and its 200 day moving average is $50.35. The stock has a market cap of $24.15 billion, a price-to-earnings ratio of 9.08, a price-to-earnings-growth ratio of 0.98 and a beta of 1.44. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $74.96.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. The firm had revenue of $14.84 billion during the quarter, compared to analyst estimates 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 prior year, the company posted $3.65 earnings per share. On average, sell-side analysts forecast that United Airlines Holdings, Inc. will post 10.05 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 authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management 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.