Eagle Asset Management Inc. Has $3.34 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Eagle Asset Management Inc. trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 36.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,456 shares of the transportation company's stock after selling 32,866 shares during the quarter. Eagle Asset Management Inc.'s holdings in United Airlines were worth $3,335,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. boosted its stake in shares of United Airlines by 489.2% in the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company's stock valued at $111,687,000 after buying an additional 1,905,664 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 1,263,604 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 worth $177,604,000 after purchasing an additional 908,558 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of United Airlines by 177.6% in the third quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company's stock worth $75,570,000 after purchasing an additional 847,348 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in United Airlines by 217.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 675,919 shares of the transportation company's stock valued at $32,890,000 after purchasing an additional 462,957 shares in the last quarter. Institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

UAL has been the topic of a number of analyst reports. Sanford C. Bernstein increased their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Morgan Stanley increased their price target on shares of United Airlines from $80.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Citigroup boosted their price objective on shares of United Airlines from $98.00 to $122.00 and gave the company a "buy" rating in a research report on Tuesday. UBS Group reaffirmed a "buy" rating and issued a $139.00 target price on shares of United Airlines in a report on Tuesday. Finally, Susquehanna boosted their price target on United Airlines from $70.00 to $85.00 and gave the stock a "positive" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, United Airlines has an average rating of "Moderate Buy" and a consensus target price of $96.15.

Insider Activity at United Airlines

In related news, EVP Kate Gebo sold 17,500 shares of the firm'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 transaction of $1,407,700.00. Following the completion of the sale, the executive vice president now owns 40,012 shares of the company's stock, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the business'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 value of $1,044,000.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock worth $8,158,900 over the last ninety days. Insiders own 0.63% of the company's stock.

United Airlines Trading Down 0.3 %

Shares of UAL stock traded down $0.32 during trading hours on Tuesday, hitting $96.51. 8,313,649 shares of the company's stock traded hands, compared to its average volume of 8,409,943. The stock has a market cap of $31.74 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.13 and a beta of 1.39. The stock's 50 day simple moving average is $73.21 and its 200 day simple moving average is $56.57. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $101.60.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.10 by $0.23. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period in the previous year, the business earned $3.65 EPS. On average, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines announced that its board has authorized a stock repurchase plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

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.