Crewe Advisors LLC Sells 147 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Crewe Advisors LLC cut its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 22.3% during the third quarter, Holdings Channel.com reports. The fund owned 511 shares of the transportation company’s stock after selling 147 shares during the period. Crewe Advisors LLC’s holdings in United Airlines were worth $29,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Cerity Partners LLC lifted its stake in shares of United Airlines by 111.9% in the 3rd quarter. Cerity Partners LLC now owns 49,581 shares of the transportation company’s stock valued at $2,829,000 after purchasing an additional 26,188 shares during the period. Icon Wealth Advisors LLC increased its holdings in United Airlines by 1,886.6% in the third quarter. Icon Wealth Advisors LLC now owns 52,584 shares of the transportation company’s stock valued at $3,000,000 after purchasing an additional 49,937 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after buying an additional 908,558 shares during the period. Highland Peak Capital LLC bought a new position in United Airlines during the third quarter worth about $16,325,000. Finally, Landscape Capital Management L.L.C. grew its position in shares of United Airlines by 190.6% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 106,645 shares of the transportation company’s stock worth $6,085,000 after buying an additional 69,945 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Activity at United Airlines

In other news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the transaction, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 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. 0.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UAL shares. Barclays increased their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Bank of America lifted their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a research report on Friday, November 15th. Morgan Stanley lifted their target price on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Finally, Sanford C. Bernstein increased their price target on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and an average target price of $88.28.

United Airlines Price Performance

Shares of UAL opened at $95.24 on Monday. 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 twelve month low of $37.02 and a twelve month high of $95.99. The stock has a market capitalization of $31.32 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.13 and a beta of 1.39. The company has a 50 day moving average of $71.42 and a 200-day moving average of $55.95.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. During the same quarter last year, the firm earned $3.65 earnings per share. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines announced that its board has authorized a share repurchase plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are 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.