National Bank of Canada FI Has $7.87 Million Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

National Bank of Canada FI trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 4.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,966 shares of the transportation company's stock after selling 6,375 shares during the period. National Bank of Canada FI's holdings in United Airlines were worth $7,872,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank raised its position in shares of United Airlines by 10.8% in 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 grew its stake in United Airlines by 13.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company's stock worth $94,000 after acquiring an additional 189 shares during the period. Commerce Bank raised its holdings in United Airlines by 1.1% in the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company's stock valued at $1,005,000 after acquiring an additional 196 shares during the last quarter. Cromwell Holdings LLC lifted its stake in shares of United Airlines by 31.4% during the 3rd 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 period. Finally, Wahed Invest LLC boosted 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 worth $114,000 after purchasing an additional 223 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the transaction, the executive vice president now 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the 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 transaction, the executive vice president now directly owns 30,427 shares in the company, valued at $2,190,744. The trade was a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,000 shares of company stock valued at $8,158,900 over the last three months. 0.63% of the stock is owned by insiders.

United Airlines Stock Down 3.0 %

Shares of UAL traded down $2.99 during trading on Thursday, reaching $95.97. The company's stock had a trading volume of 3,270,981 shares, compared to its average volume of 8,217,979. The company has a market cap of $31.56 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 1.19 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The company has a fifty day moving average of $82.66 and a two-hundred day moving average of $59.94. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $105.09.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data 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 period last year, the business earned $3.65 EPS. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines declared that its board has approved a share buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

UAL has been the subject of several analyst reports. Bank of America upped their target price on United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. Melius Research upgraded shares of United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. TD Cowen lifted their price target on shares of United Airlines from $100.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Citigroup increased their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $98.95.

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.