United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by Sanders Capital LLC

Sanders Capital LLC boosted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 12.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,457,587 shares of the transportation company’s stock after acquiring an additional 1,040,589 shares during the period. United Airlines accounts for 0.8% of Sanders Capital LLC’s portfolio, making the stock its 29th largest position. Sanders Capital LLC owned approximately 2.88% of United Airlines worth $539,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in UAL. Global Trust Asset Management LLC bought a new position in United Airlines during the 3rd quarter worth $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of United Airlines in the 2nd quarter worth about $30,000. UMB Bank n.a. lifted its position in United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 255 shares during the last quarter. Armstrong Advisory Group Inc. acquired a new position in United Airlines during the 3rd quarter valued at about $36,000. Finally, Quest Partners LLC increased its stake in shares of United Airlines by 3,504.8% in the second quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 736 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction, the executive vice president now owns 30,427 shares of the company’s stock, valued at $2,190,744. The trade was a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on UAL shares. TD Cowen increased their price objective on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Sanford C. Bernstein raised their price target on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. 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. Susquehanna boosted their price target on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Finally, Morgan Stanley increased their price objective on shares of United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. One analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and an average price target of $94.41.

United Airlines Price Performance

UAL opened at $97.49 on Tuesday. The stock has a market cap of $32.06 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 1.13 and a beta of 1.39. The stock has a fifty day moving average price of $72.33 and a 200 day moving average price of $56.26. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $98.00. 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 issued 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. 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 analysts’ expectations of $14.76 billion. During the same period in the prior year, the company posted $3.65 earnings per share. Analysts forecast that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has initiated a share repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

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.