Hartford Investment Management Co. lessened its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 1.2% during the third quarter, Holdings Channel.com reports. The firm owned 20,781 shares of the transportation company’s stock after selling 243 shares during the quarter. Hartford Investment Management Co.’s holdings in United Airlines were worth $1,186,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of UAL. B. Riley Wealth Advisors Inc. boosted its holdings in United Airlines by 8.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 5,671 shares of the transportation company’s stock valued at $234,000 after acquiring an additional 447 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in United Airlines by 1.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock worth $930,000 after buying an additional 287 shares during the last quarter. Richardson Capital Management LLC acquired a new position in United Airlines in the first quarter valued at $37,000. SteelPeak Wealth LLC bought a new stake in United Airlines during the first quarter valued at $219,000. Finally, tru Independence LLC grew its holdings in United Airlines by 0.3% during the 1st quarter. tru Independence LLC now owns 118,230 shares of the transportation company’s stock worth $5,661,000 after acquiring an additional 353 shares during the period. Institutional investors own 69.69% of the company’s stock.
Insider Buying and Selling at United Airlines
In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,190,744. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.63% of the company’s stock.
Analyst Ratings Changes
Get Our Latest Stock Analysis on UAL
United Airlines Trading Up 0.2 %
Shares of United Airlines stock opened at $74.64 on Friday. The company has a market capitalization of $24.54 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44. The stock has a fifty day simple moving average of $54.02 and a 200 day simple moving average of $50.52. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $76.08. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95.
United Airlines (NASDAQ:UAL – Get Free Report) last posted its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the prior year, the business posted $3.65 EPS. On average, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current fiscal year.
United Airlines declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in 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 generally a sign that the company’s board of directors 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.
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