Everence Capital Management Inc. Lowers Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Everence Capital Management Inc. trimmed its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 11.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,600 shares of the transportation company’s stock after selling 1,460 shares during the quarter. Everence Capital Management Inc.’s holdings in United Airlines were worth $1,126,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Huntington National Bank grew its holdings in shares of United Airlines by 10.8% during the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after buying an additional 129 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in United Airlines by 13.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 189 shares during the last quarter. Commerce Bank increased its holdings in shares of United Airlines by 1.1% in the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after purchasing an additional 196 shares in the last quarter. Cromwell Holdings LLC raised its stake in shares of United Airlines by 31.4% in the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after purchasing an additional 222 shares during the last quarter. Finally, Wahed Invest LLC lifted its holdings in shares of United Airlines by 12.6% during the third quarter. Wahed Invest LLC now owns 1,998 shares of the transportation company’s stock valued at $114,000 after purchasing an additional 223 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Trading Up 0.3 %

Shares of UAL stock opened at $95.67 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a fifty day simple moving average of $92.60 and a two-hundred day simple moving average of $64.90. The firm has a market capitalization of $31.46 billion, a PE ratio of 11.54, a PEG ratio of 1.12 and a beta of 1.44. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $105.09.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The firm had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter last year, the business posted $3.65 earnings per share. On average, analysts predict that United Airlines Holdings, Inc. will post 10.27 EPS for the current fiscal year.

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

Insider Buying and Selling

In other news, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’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 owns 30,427 shares in the company, valued at $2,190,744. This represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

UAL has been the topic of several research analyst reports. Citigroup upped their target price on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Susquehanna raised their target price on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. TD Cowen raised their price target on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, Barclays upped their price objective on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $102.28.

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.