Atria Investments Inc Has $234,000 Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Atria Investments Inc lowered its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,108 shares of the transportation company’s stock after selling 381 shares during the quarter. Atria Investments Inc’s holdings in United Airlines were worth $234,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in UAL. Capital Performance Advisors LLP bought a new position in United Airlines in the 3rd quarter valued at $78,000. Hara Capital LLC raised its holdings in shares of United Airlines by 56.3% in the third quarter. Hara Capital LLC now owns 31,508 shares of the transportation company’s stock valued at $1,798,000 after buying an additional 11,343 shares during the last quarter. Principal Financial Group Inc. lifted its position in United Airlines by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company’s stock worth $21,581,000 after buying an additional 11,601 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in United Airlines during the 3rd quarter worth about $240,000. Finally, 1834 Investment Advisors Co. grew its holdings in United Airlines by 27.9% during the 3rd quarter. 1834 Investment Advisors Co. now owns 5,562 shares of the transportation company’s stock worth $317,000 after acquiring an additional 1,212 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Price Performance

UAL stock opened at $95.24 on Friday. The stock has a 50-day moving average price of $71.42 and a two-hundred day moving average price of $55.93. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $95.99. The stock has a market cap of $31.32 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.12 and a beta of 1.39. 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) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period last year, the company earned $3.65 earnings per share. Equities analysts forecast that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines declared that its board has authorized a stock repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UAL. Barclays upped their target price on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Susquehanna upped their target price on shares of United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Sanford C. Bernstein lifted their price target on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, TD Cowen increased their price objective on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.28.

Insider Activity

In related news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction that occurred 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 directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’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 transaction, the executive vice president now directly owns 30,427 shares in the company, valued at $2,190,744. This trade represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

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.