United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 16.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 233,464 shares of the transportation company's stock after acquiring an additional 32,725 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.07% of United Airlines worth $13,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of UAL. Global Trust Asset Management LLC purchased a new stake in United Airlines in the third quarter worth about $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of United Airlines in the 2nd quarter worth approximately $30,000. Armstrong Advisory Group Inc. bought a new position in shares of United Airlines during the third quarter valued at approximately $36,000. UMB Bank n.a. increased its holdings in 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 buying an additional 255 shares during the period. Finally, Blue Trust Inc. increased its holdings in United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company's stock valued at $43,000 after buying an additional 392 shares during the period. Institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

Shares of UAL stock traded down $2.16 during mid-day trading on Friday, reaching $100.28. The stock had a trading volume of 4,290,558 shares, compared to its average volume of 5,040,627. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $105.09. The firm has a market cap of $32.98 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 1.19 and a beta of 1.44. The business's fifty day moving average is $80.21 and its 200-day moving average is $58.99.

United Airlines (NASDAQ:UAL - Get Free Report) last posted 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 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 firm posted $3.65 EPS. On average, research analysts forecast that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines declared that its Board of Directors has authorized a share repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Insider Activity at United Airlines

In other news, EVP Kate Gebo sold 17,500 shares of United Airlines 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 completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock worth $8,158,900 over the last three months. Company insiders own 0.63% of the company's stock.

Wall Street Analysts Forecast Growth

UAL has been the topic of several recent research reports. Bank of America increased their target price on United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Melius Research raised United Airlines to a "strong-buy" rating in a research report on Monday, December 2nd. Susquehanna lifted their target price on United Airlines from $70.00 to $85.00 and gave the company a "positive" 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 report on Tuesday, November 26th. Finally, Barclays increased their target price on shares of 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus 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.