Blue Trust Inc. Has $43,000 Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Blue Trust Inc. boosted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 108.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 753 shares of the transportation company’s stock after buying an additional 392 shares during the quarter. Blue Trust Inc.’s holdings in United Airlines were worth $43,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas purchased a new stake in shares of United Airlines during the 1st quarter valued at $25,000. Fidelis Capital Partners LLC purchased a new stake in shares of United Airlines in the 1st quarter valued at about $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of United Airlines in the 2nd quarter valued at about $30,000. Crewe Advisors LLC purchased a new stake in shares of United Airlines in the 1st quarter valued at about $32,000. Finally, UMB Bank n.a. raised its holdings 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 valued at $33,000 after acquiring an additional 255 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Price Performance

Shares of UAL stock opened at $80.46 on Friday. United Airlines Holdings, Inc. has a twelve month low of $35.24 and a twelve month high of $81.35. The stock has a market cap of $26.46 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.96 and a beta of 1.44. The business’s fifty day moving average is $58.30 and its 200 day moving average is $51.99. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period in the prior year, the company posted $3.65 earnings per share. Research analysts expect that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

United Airlines declared that its board has approved a stock repurchase 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 buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $2,190,744. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of research reports. Barclays raised their price objective on United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. TD Cowen lifted their price target on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Morgan Stanley lifted their price target on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Susquehanna lifted their price target on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Finally, Sanford C. Bernstein lifted their price target on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.94.

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.