Integrated Wealth Concepts LLC Sells 351 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Integrated Wealth Concepts LLC decreased its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,516 shares of the transportation company’s stock after selling 351 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in United Airlines were worth $600,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in UAL. Wealth Enhancement Advisory Services LLC increased its stake in United Airlines by 4.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 20,289 shares of the transportation company’s stock valued at $987,000 after acquiring an additional 873 shares during the period. V Square Quantitative Management LLC increased its stake in United Airlines by 71.8% in the second quarter. V Square Quantitative Management LLC now owns 6,470 shares of the transportation company’s stock valued at $315,000 after acquiring an additional 2,704 shares during the period. 180 Wealth Advisors LLC increased its stake in United Airlines by 5.8% in the second quarter. 180 Wealth Advisors LLC now owns 14,655 shares of the transportation company’s stock valued at $669,000 after acquiring an additional 808 shares during the period. SteelPeak Wealth LLC increased its stake in United Airlines by 28.9% in the second quarter. SteelPeak Wealth LLC now owns 5,906 shares of the transportation company’s stock valued at $287,000 after acquiring an additional 1,323 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in United Airlines in the second quarter valued at about $23,213,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 0.5 %

Shares of NASDAQ UAL opened at $96.53 on Wednesday. The company’s 50 day simple moving average is $80.99 and its 200 day simple moving average is $59.35. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $105.09. The firm has a market capitalization of $31.75 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.19 and a beta of 1.44. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $14.76 billion. During the same period in the prior year, the business posted $3.65 earnings per share. On average, analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines announced that its Board of Directors has initiated 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 buy up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’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 sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This 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 the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,000 shares of company stock valued at $8,158,900. Corporate insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on UAL shares. Jefferies Financial Group upped their target price on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Bank of America upped their price objective on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price objective on shares of United Airlines in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $96.15.

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.