Natixis Advisors LLC Raises Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Natixis Advisors LLC lifted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 18.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,680 shares of the transportation company's stock after purchasing an additional 13,642 shares during the quarter. Natixis Advisors LLC's holdings in United Airlines were worth $4,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of UAL. Price T Rowe Associates Inc. MD lifted its stake in United Airlines by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company's stock worth $55,634,000 after purchasing an additional 64,542 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of United Airlines by 87.2% during the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company's stock valued at $1,079,000 after buying an additional 8,808 shares in the last quarter. Bessemer Group Inc. lifted its position in United Airlines by 47.4% in the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company's stock worth $261,000 after buying an additional 1,759 shares during the last quarter. Tidal Investments LLC boosted its stake in United Airlines by 16.4% in the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company's stock worth $835,000 after buying an additional 2,456 shares in the last quarter. Finally, Senator Investment Group LP raised its stake in shares of United Airlines by 39.5% during the second quarter. Senator Investment Group LP now owns 1,046,051 shares of the transportation company's stock worth $50,901,000 after acquiring an additional 296,051 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Up 0.9 %

Shares of NASDAQ UAL opened at $95.24 on Friday. The firm has a fifty day simple moving average of $71.42 and a two-hundred day simple moving average of $55.91. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $95.99. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $31.32 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last released 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 the consensus estimate 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 in the prior year, the firm earned $3.65 earnings per share. Equities analysts expect that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines announced that its board has approved a stock buyback program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Insider Activity

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 30,427 shares of the company's stock, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kate Gebo sold 17,500 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 40,012 shares in the company, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their price objective on shares of United Airlines from $80.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Bank of America raised their price objective on United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. The Goldman Sachs Group reiterated a "buy" rating and issued a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Sanford C. Bernstein increased their target price on United Airlines from $68.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. Finally, TD Cowen lifted their price target on United Airlines from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.28.

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.