Sanders Capital LLC Boosts Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Sanders Capital LLC increased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 12.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,457,587 shares of the transportation company's stock after acquiring an additional 1,040,589 shares during the quarter. United Airlines comprises 0.8% of Sanders Capital LLC's holdings, making the stock its 29th biggest position. Sanders Capital LLC owned 2.88% of United Airlines worth $539,650,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company's stock valued at $272,559,000 after purchasing an additional 1,263,604 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock valued at $177,604,000 after purchasing an additional 908,558 shares in the last quarter. Point72 Asset Management L.P. increased its stake in United Airlines by 489.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company's stock valued at $111,687,000 after purchasing an additional 1,905,664 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of United Airlines by 177.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company's stock valued at $75,570,000 after acquiring an additional 847,348 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of United Airlines by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company's stock valued at $55,634,000 after acquiring an additional 64,542 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

UAL traded down $0.32 during midday trading on Tuesday, hitting $96.51. 8,313,649 shares of the company traded hands, compared to its average volume of 8,409,943. 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 company has a market capitalization of $31.74 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.13 and a beta of 1.39. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $101.60. The business has a 50 day simple moving average of $73.21 and a two-hundred day simple moving average of $56.57.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating analysts' consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion during 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 period in the prior year, the business earned $3.65 earnings per share. On average, equities 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 authorized a stock buyback program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Susquehanna upped their price objective 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. Citigroup upped their price objective on shares of United Airlines from $98.00 to $122.00 and gave the company a "buy" rating in a report on Tuesday. 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 report on Thursday, October 17th. TD Cowen upped their price objective 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, The Goldman Sachs Group reaffirmed a "buy" rating and issued a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $96.15.

Insider Activity

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm'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 directly owns 30,427 shares in the company, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Linda P. Jojo sold 60,000 shares of the firm's stock in a transaction dated 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 owns 63,599 shares of the company's stock, valued at approximately $6,049,536.88. The trade was 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. Insiders own 0.63% of the company's stock.

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.