Insigneo Advisory Services LLC Purchases Shares of 3,771 United Airlines Holdings, Inc. (NASDAQ:UAL)

Insigneo Advisory Services LLC acquired a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,771 shares of the transportation company’s stock, valued at approximately $215,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after buying an additional 908,558 shares in the last quarter. State Street Corp boosted 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 acquiring an additional 78,470 shares in the last quarter. Aigen Investment Management LP boosted its stake in shares of United Airlines by 87.2% during the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock worth $1,079,000 after acquiring an additional 8,808 shares in the last quarter. Edgestream Partners L.P. increased its stake in shares of United Airlines by 293.6% in the 3rd quarter. Edgestream Partners L.P. now owns 50,122 shares of the transportation company’s stock valued at $2,860,000 after purchasing an additional 37,389 shares in the last quarter. Finally, Icon Wealth Advisors LLC raised its holdings in United Airlines by 1,886.6% in the 3rd quarter. Icon Wealth Advisors LLC now owns 52,584 shares of the transportation company’s stock worth $3,000,000 after purchasing an additional 49,937 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of United Airlines stock opened at $96.02 on Tuesday. The business’s 50 day moving average price is $80.99 and its 200 day moving average price is $59.35. The company has a market cap of $31.58 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.19 and a beta of 1.44. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $105.09.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results 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 firm had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter in the previous year, the company posted $3.65 EPS. On average, research analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines declared that its Board of Directors has approved a stock repurchase 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 repurchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts have commented on UAL shares. Bank of America raised their price objective on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Susquehanna increased their price objective on shares of United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, October 17th. TD Cowen boosted their target price on shares of United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Finally, UBS Group reaffirmed a “buy” rating and issued a $139.00 price target on shares of United Airlines in a research note on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of “Buy” and a consensus target price of $96.15.

Insider Activity

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction 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 owns 30,427 shares of the company’s stock, valued at $2,190,744. This represents a 32.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $1,407,700.00. Following the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders sold a total of 92,000 shares of company stock valued at $8,158,900 in the last 90 days. Company insiders own 0.63% of the company’s stock.

About United Airlines

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.