Encompass More Asset Management Sells 940 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Encompass More Asset Management decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 20.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,679 shares of the transportation company’s stock after selling 940 shares during the period. Encompass More Asset Management’s holdings in United Airlines were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp lifted its stake in shares of United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after purchasing an additional 78,470 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 acquiring an additional 908,558 shares in the last quarter. MidWestOne Financial Group Inc. lifted its position in United Airlines by 28.0% during the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after acquiring an additional 11,743 shares during the last quarter. Aigen Investment Management LP grew its holdings in United Airlines by 87.2% in the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock worth $1,079,000 after purchasing an additional 8,808 shares during the last quarter. Finally, Edgestream Partners L.P. increased its position in shares of United Airlines by 293.6% during the third quarter. Edgestream Partners L.P. now owns 50,122 shares of the transportation company’s stock worth $2,860,000 after purchasing an additional 37,389 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Insider Activity at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

United Airlines Stock Up 0.0 %

Shares of NASDAQ UAL opened at $103.03 on Friday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The business’s 50 day moving average is $98.88 and its two-hundred day moving average is $70.51. The firm has a market cap of $33.88 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. The firm had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 EPS. Research analysts predict that United Airlines Holdings, Inc. will post 12.7 EPS for the current year.

United Airlines declared that its board has initiated a share buyback plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently weighed in on UAL. Bank of America boosted their target price on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Sanford C. Bernstein upped their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Barclays lifted their price objective on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. TD Cowen increased their target price on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Susquehanna upped their price target on United Airlines from $85.00 to $120.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $110.20.

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.