United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 41.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,112,583 shares of the transportation company’s stock after buying an additional 908,558 shares during the period. Charles Schwab Investment Management Inc. owned 0.95% of United Airlines worth $177,604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Global Trust Asset Management LLC purchased a new stake in United Airlines in the third quarter valued at $29,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of United Airlines in the second quarter valued at approximately $30,000. Armstrong Advisory Group Inc. acquired a new position in shares of United Airlines in the third quarter worth $36,000. UMB Bank n.a. grew its stake in United Airlines by 59.7% during the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after purchasing an additional 255 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after buying an additional 392 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’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 completion of the transaction, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

United Airlines Stock Performance

Shares of UAL opened at $95.24 on Friday. 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 capitalization of $31.32 billion, a P/E ratio of 11.49, a P/E/G ratio of 1.12 and a beta of 1.39. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The company’s fifty day moving average is $71.42 and its two-hundred day moving average is $55.93.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The company had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. During the same quarter last year, the company earned $3.65 earnings per share. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Jefferies Financial Group raised their target price on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Morgan Stanley upped their price target on United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Sanford C. Bernstein boosted their price objective 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, Barclays increased their target price on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.28.

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.