United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Holdings Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,404 shares of the transportation company’s stock after acquiring an additional 248 shares during the quarter. Janney Montgomery Scott LLC’s holdings in United Airlines were worth $1,278,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Sei Investments Co. lifted its holdings in United Airlines by 8.0% in the first quarter. Sei Investments Co. now owns 144,150 shares of the transportation company’s stock worth $6,902,000 after acquiring an additional 10,720 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of United Airlines by 1.3% in the 1st quarter. Russell Investments Group Ltd. now owns 258,032 shares of the transportation company’s stock worth $12,354,000 after purchasing an additional 3,313 shares during the last quarter. US Bancorp DE boosted its position in United Airlines by 16.8% during the 1st quarter. US Bancorp DE now owns 11,425 shares of the transportation company’s stock valued at $547,000 after purchasing an additional 1,641 shares during the period. State Board of Administration of Florida Retirement System grew its stake in United Airlines by 13.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 356,412 shares of the transportation company’s stock worth $15,771,000 after buying an additional 42,898 shares during the last quarter. Finally, Twin Tree Management LP increased its position in United Airlines by 131.1% in the first quarter. Twin Tree Management LP now owns 84,390 shares of the transportation company’s stock worth $4,041,000 after buying an additional 355,990 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, 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 completion of the sale, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by insiders.

United Airlines Trading Up 1.5 %

Shares of United Airlines stock opened at $91.16 on Friday. The business has a fifty day simple moving average of $65.12 and a 200-day simple moving average of $53.93. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $93.33. The firm has a market cap of $29.98 billion, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. 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 issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating 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 period in the prior year, the company earned $3.65 EPS. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on UAL. Morgan Stanley upped their price target 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. Sanford C. Bernstein raised their price target 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. Barclays boosted their price objective on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday. Jefferies Financial Group raised their target price on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Susquehanna boosted their price target on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, United Airlines has a consensus rating of “Moderate Buy” and an average target price of $84.30.

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.