Crossmark Global Holdings Inc. Sells 868 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Crossmark Global Holdings Inc. decreased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,575 shares of the transportation company’s stock after selling 868 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in United Airlines were worth $775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital International Investors increased its stake in United Airlines by 2.4% in the 1st quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after buying an additional 429,501 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 holdings in United Airlines by 489.2% during 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 acquiring an additional 1,905,664 shares during the period. Interval Partners LP purchased a new position in United Airlines in the first quarter worth $103,354,000. Finally, Assenagon Asset Management S.A. grew its stake in United Airlines by 177.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock valued at $75,570,000 after purchasing an additional 847,348 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Activity at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kate Gebo sold 17,500 shares of United Airlines 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 completion of the transaction, the executive vice president now owns 40,012 shares in the company, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

United Airlines Stock Performance

Shares of UAL opened at $91.17 on Friday. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $93.33. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The company has a market cap of $29.98 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. The stock has a 50-day moving average price of $66.04 and a 200-day moving average price of $54.19.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.23. The business 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 period in the previous year, the business posted $3.65 earnings per share. As a group, equities analysts forecast that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Bank of America boosted their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Susquehanna boosted their target price on shares of United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Sanford C. Bernstein raised their target price on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Morgan Stanley increased their price target on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Finally, Barclays upped 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. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and an average price target of $86.61.

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.