United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 39.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,535 shares of the transportation company's stock after selling 41,909 shares during the quarter. Amalgamated Bank's holdings in United Airlines were worth $3,682,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UAL. Global Trust Asset Management LLC acquired a new stake in shares of United Airlines in the third quarter valued at about $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in United Airlines in the 2nd quarter worth about $30,000. Crewe Advisors LLC purchased a new stake in United Airlines during the 1st quarter worth approximately $32,000. UMB Bank n.a. raised its holdings in shares of United Airlines by 59.7% during the second 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 during the last quarter. Finally, Armstrong Advisory Group Inc. acquired a new position in shares of United Airlines during the third quarter valued at approximately $36,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Trading Up 2.4 %

Shares of NASDAQ UAL traded up $2.08 during mid-day trading on Friday, reaching $87.51. 4,604,562 shares of the company's stock were exchanged, compared to its average volume of 9,211,398. The firm has a market capitalization of $28.78 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 1.04 and a beta of 1.39. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $87.87. The company's 50-day moving average is $62.40 and its 200-day moving average is $53.17. 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 (NASDAQ:UAL - Get Free Report) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $3.65 earnings per share. Analysts expect that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

United Airlines announced that its board has initiated a share repurchase 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 buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages recently commented on UAL. Sanford C. Bernstein boosted their price target on United Airlines from $68.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. Bank of America upped their target price on shares of United Airlines from $70.00 to $84.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Barclays increased their target price on shares of United Airlines from $66.00 to $75.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. 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 research report on Thursday, October 17th. Finally, Susquehanna increased their price objective on shares of United Airlines from $70.00 to $85.00 and gave the company a "positive" rating in a report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $78.94.

Insiders Place Their Bets

In related news, EVP Kate Gebo sold 17,500 shares of the firm's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Kate Gebo sold 17,500 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 40,012 shares of the company's stock, valued at $3,218,565.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm's stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,427 shares of the company's stock, valued at $2,190,744. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

United Airlines Profile

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.