United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 18.9% in the third quarter, HoldingsChannel reports. The firm owned 85,680 shares of the transportation company’s stock after buying an additional 13,642 shares during the quarter. Natixis Advisors LLC’s holdings in United Airlines were worth $4,889,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Empirical Finance LLC grew its holdings in United Airlines by 1.2% during the 3rd quarter. Empirical Finance LLC now owns 22,128 shares of the transportation company’s stock worth $1,263,000 after acquiring an additional 262 shares in the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in United Airlines during the 3rd quarter worth approximately $217,000. CIBC Asset Management Inc grew its holdings in United Airlines by 8.5% during the 3rd quarter. CIBC Asset Management Inc now owns 47,956 shares of the transportation company’s stock worth $2,736,000 after acquiring an additional 3,748 shares in the last quarter. Huntington National Bank grew its holdings in United Airlines by 10.8% during the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after acquiring an additional 129 shares in the last quarter. Finally, Aigen Investment Management LP grew its holdings in United Airlines by 87.2% during the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock worth $1,079,000 after acquiring an additional 8,808 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Up 0.9 %

Shares of United Airlines stock opened at $95.24 on Friday. The company has a market cap of $31.32 billion, a P/E ratio of 11.49, a PEG ratio of 1.12 and a beta of 1.39. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $95.99. The firm has a fifty day moving average of $71.42 and a two-hundred day moving average of $55.91.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. The company 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 quarter in the prior year, the firm earned $3.65 EPS. On average, analysts forecast that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

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

Insiders Place Their Bets

In other news, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction on 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 $3,218,565.28. This represents a 30.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the transaction, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

Wall Street Analyst Weigh In

UAL has been the subject of several analyst reports. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Morgan Stanley boosted their price objective on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Bank of America boosted their price objective on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research 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 report on Thursday, October 17th. Finally, Jefferies Financial Group boosted their price objective on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and a consensus price target of $88.28.

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.