MidWestOne Financial Group Inc. Raises Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

MidWestOne Financial Group Inc. grew its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 28.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,704 shares of the transportation company's stock after acquiring an additional 11,743 shares during the period. MidWestOne Financial Group Inc.'s holdings in United Airlines were worth $3,064,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of UAL. Huntington National Bank boosted its position in shares of United Airlines by 10.8% during the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company's stock valued at $75,000 after acquiring an additional 129 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of United Airlines by 13.0% during 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 in the last quarter. Commerce Bank lifted its position in shares of United Airlines by 1.1% during the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company's stock worth $1,005,000 after buying an additional 196 shares during the last quarter. Cromwell Holdings LLC boosted its stake in United Airlines by 31.4% in the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company's stock valued at $53,000 after acquiring an additional 222 shares in the last quarter. Finally, Wahed Invest LLC boosted its holdings in shares of United Airlines by 12.6% in the third quarter. Wahed Invest LLC now owns 1,998 shares of the transportation company's stock valued at $114,000 after acquiring an additional 223 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the company'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 transaction, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. This represents a 48.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the company's 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 completion of the transaction, the executive vice president now owns 30,427 shares of the company's stock, valued at $2,190,744. This trade represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,000 shares of company stock worth $8,158,900. Corporate insiders own 0.63% of the company's stock.

United Airlines Stock Up 0.4 %

Shares of UAL traded up $0.39 during mid-day trading on Tuesday, hitting $96.41. 3,492,653 shares of the company's stock were exchanged, compared to its average volume of 8,247,193. The company has a 50-day simple moving average of $80.99 and a 200 day simple moving average of $59.35. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $105.09. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The company has a market cap of $31.71 billion, a PE ratio of 11.58, a P/E/G ratio of 1.19 and a beta of 1.44.

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 for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same period in the previous year, the business earned $3.65 EPS. On average, research analysts forecast that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal year.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UAL shares. 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 research report on Tuesday, November 19th. UBS Group reissued a "buy" rating and set a $139.00 target price on shares of United Airlines in a research report on Tuesday, November 26th. Sanford C. Bernstein upped their target price on shares of United Airlines from $68.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Susquehanna increased their price target on shares of United Airlines from $70.00 to $85.00 and gave the stock a "positive" rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group upped their target price on United Airlines from $75.00 to $95.00 and gave the company a "buy" rating in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $96.15.

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.