Moors & Cabot Inc. Sells 444 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Moors & Cabot Inc. lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,550 shares of the transportation company’s stock after selling 444 shares during the quarter. Moors & Cabot Inc.’s holdings in United Airlines were worth $488,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in United Airlines by 29.1% during the second 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 last quarter. Point72 Asset Management L.P. lifted its stake in 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 worth $111,687,000 after purchasing an additional 1,905,664 shares during the last quarter. Interval Partners LP purchased a new position in shares of United Airlines during the first quarter valued at approximately $103,354,000. Assenagon Asset Management S.A. grew its stake in shares of United Airlines by 177.6% during the third quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock valued at $75,570,000 after buying an additional 847,348 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of United Airlines by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock worth $55,634,000 after acquiring an additional 64,542 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of UAL stock opened at $95.24 on Friday. The company has a market cap of $31.32 billion, a P/E ratio of 11.49, a PEG ratio of 1.12 and a beta of 1.39. 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 stock’s 50-day moving average is $71.42 and its 200 day moving average is $55.91. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $95.99.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data 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 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 quarter in the previous year, the business posted $3.65 EPS. Research analysts predict that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal year.

United Airlines announced that its board has authorized a share buyback program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was 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 $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 SEC, which is available through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were 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 owns 40,012 shares in the company, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UAL. Barclays boosted their price objective on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. TD Cowen boosted their target price on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday. Bank of America lifted their price objective on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a research report on Friday, November 15th. Finally, Morgan Stanley raised their target price 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. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and a consensus target price of $88.28.

United Airlines Company 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.