Cerity Partners LLC Boosts Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Cerity Partners LLC raised its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 111.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,581 shares of the transportation company's stock after buying an additional 26,188 shares during the period. Cerity Partners LLC's holdings in United Airlines were worth $2,829,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in UAL. Point72 Asset Management L.P. grew its holdings in United Airlines by 489.2% during the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company's stock worth $111,687,000 after buying an additional 1,905,664 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company's stock valued at $272,559,000 after purchasing an additional 1,263,604 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock valued at $177,604,000 after purchasing an additional 908,558 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of United Airlines by 177.6% during the third quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company's stock valued at $75,570,000 after purchasing an additional 847,348 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in United Airlines by 217.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 675,919 shares of the transportation company's stock worth $32,890,000 after purchasing an additional 462,957 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Performance

UAL stock traded up $0.48 during midday trading on Friday, reaching $96.83. 1,522,897 shares of the company's stock traded hands, compared to its average volume of 5,749,335. The firm has a market capitalization of $31.85 billion, a PE ratio of 11.68, a price-to-earnings-growth ratio of 1.15 and a beta of 1.39. The company has a 50-day moving average price of $75.84 and a two-hundred day moving average price of $57.45. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $101.60. 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 released 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. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period in the previous year, the company posted $3.65 EPS. As a group, equities analysts anticipate that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines declared that its board has approved a share buyback program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors believes its shares are undervalued.

Insider Activity

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares of the company's stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kate Gebo sold 17,500 shares of the business's 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 transaction, the executive vice president now directly owns 40,012 shares of the company's stock, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have commented on UAL. Citigroup increased their price objective 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. Jefferies Financial Group increased their price target on United Airlines from $75.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Sanford C. Bernstein boosted their price objective on United Airlines from $68.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Finally, Dbs Bank upgraded United Airlines from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $96.15.

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.