Raymond James & Associates Sells 26,879 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Raymond James & Associates reduced its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 11.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,732 shares of the transportation company's stock after selling 26,879 shares during the quarter. Raymond James & Associates owned about 0.07% of United Airlines worth $12,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. BNP Paribas purchased a new position in shares of United Airlines during the first quarter worth approximately $25,000. Fidelis Capital Partners LLC purchased a new position in shares of United Airlines during the first quarter worth approximately $27,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of United Airlines during the second quarter worth approximately $30,000. Crewe Advisors LLC purchased a new position in shares of United Airlines in the first quarter worth $32,000. Finally, UMB Bank n.a. increased its stake in shares of United Airlines by 59.7% in the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company's stock worth $33,000 after buying an additional 255 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on UAL shares. Jefferies Financial Group lifted their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Bank of America lifted their price target on shares of United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, October 17th. TD Cowen lifted their price target on shares of United Airlines from $80.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Susquehanna lifted their price target 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. Finally, Barclays lifted their price target on shares of United Airlines from $66.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $78.94.

Insiders Place Their Bets

In other 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 transaction 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 $2,190,744. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is owned by insiders.

United Airlines Stock Up 1.9 %

United Airlines stock traded up $1.45 during mid-day trading on Monday, reaching $76.09. The stock had a trading volume of 7,403,471 shares, compared to its average volume of 8,617,695. The company has a market capitalization of $25.02 billion, a price-to-earnings ratio of 9.00, a PEG ratio of 0.89 and a beta of 1.44. The company has a 50-day moving average price of $54.68 and a two-hundred day moving average price of $50.84. United Airlines Holdings, Inc. has a one year low of $34.13 and a one year high of $77.94. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.23. The company had revenue of $14.84 billion for the quarter, compared to analysts' expectations 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 in the previous year, the business posted $3.65 EPS. On average, 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 stock buyback program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's management believes its stock is undervalued.

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.