DekaBank Deutsche Girozentrale Raises Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

DekaBank Deutsche Girozentrale lifted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.1% during the third quarter, Holdings Channel reports. The institutional investor owned 20,951 shares of the transportation company’s stock after buying an additional 421 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in United Airlines were worth $1,206,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of UAL. BNP Paribas acquired a new stake in United Airlines during the 1st quarter valued at approximately $25,000. Fidelis Capital Partners LLC acquired a new position in shares of United Airlines in the 1st quarter valued at $27,000. Global Trust Asset Management LLC acquired a new position in shares of United Airlines in the 3rd quarter valued at $29,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of United Airlines in the 2nd quarter valued at $30,000. Finally, Crewe Advisors LLC acquired a new position in shares of United Airlines in the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Activity at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction dated 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 completion of 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 document filed with the SEC, which can be accessed through this link. 0.63% of the stock is currently owned by insiders.

United Airlines Trading Up 2.8 %

Shares of UAL opened at $80.46 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a 12-month low of $35.24 and a 12-month high of $81.35. The firm has a 50-day moving average price of $58.30 and a 200 day moving average price of $52.06. The firm has a market capitalization of $26.46 billion, a P/E ratio of 9.71, a P/E/G ratio of 0.93 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data 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. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The firm had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the prior year, the firm posted $3.65 earnings per share. Sell-side analysts forecast that United Airlines Holdings, Inc. will post 10.18 EPS for the current year.

United Airlines declared that its board has approved a share buyback plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently issued reports on UAL shares. Barclays boosted 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. 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 research note on Thursday, October 17th. TD Cowen boosted their target price on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Jefferies Financial Group boosted their price target on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Morgan Stanley boosted 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. 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, the stock has a consensus 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.