NCP Inc. Reduces Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

NCP Inc. lessened its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 16.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,450 shares of the transportation company’s stock after selling 850 shares during the period. NCP Inc.’s holdings in United Airlines were worth $254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of United Airlines by 5.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after purchasing an additional 64,542 shares in the last quarter. Aigen Investment Management LP boosted its position in United Airlines by 87.2% during the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock worth $1,079,000 after purchasing an additional 8,808 shares in the last quarter. Tidal Investments LLC boosted its position in United Airlines by 16.4% during the first quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after purchasing an additional 2,456 shares in the last quarter. Finally, Icon Wealth Advisors LLC increased its position in shares of United Airlines by 1,886.6% in the third quarter. Icon Wealth Advisors LLC now owns 52,584 shares of the transportation company’s stock valued at $3,000,000 after buying an additional 49,937 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction dated 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 directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. This represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,000 shares of company stock valued at $8,158,900. Company insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UAL shares. Morgan Stanley lifted their price target on shares of United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. UBS Group reissued a “buy” rating and set a $139.00 target price on shares of United Airlines in a research note on Tuesday. Bank of America raised their price target on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Sanford C. Bernstein increased their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 price target on shares of United Airlines in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.15.

United Airlines Trading Down 0.3 %

Shares of United Airlines stock opened at $96.51 on Wednesday. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $101.60. 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 firm has a market capitalization of $31.74 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 1.15 and a beta of 1.39. The stock has a 50 day moving average of $73.21 and a 200 day moving average of $56.57.

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. The firm 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 EPS. As a group, research analysts predict that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines declared that its board has initiated a stock buyback program on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

United Airlines 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.