Apella Capital LLC Sells 1,404 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Apella Capital LLC reduced its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,082 shares of the transportation company’s stock after selling 1,404 shares during the quarter. Apella Capital LLC’s holdings in United Airlines were worth $3,406,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Moody National Bank Trust Division increased its stake in shares of United Airlines by 2.1% in the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after acquiring an additional 98 shares during the last quarter. Huntington National Bank lifted its position in shares of United Airlines by 10.8% in the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after purchasing an additional 129 shares in the last quarter. Farther Finance Advisors LLC boosted its position in United Airlines by 13.0% during the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 189 shares during the last quarter. Commerce Bank grew its position in shares of United Airlines by 1.1% in the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock valued at $1,005,000 after acquiring an additional 196 shares during the period. Finally, Cromwell Holdings LLC boosted its holdings in shares of United Airlines by 31.4% during the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after buying an additional 222 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Up 2.8 %

Shares of NASDAQ:UAL opened at $107.67 on Wednesday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $110.92. The company has a market capitalization of $35.41 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 1.12 and a beta of 1.44. The business’s 50-day moving average is $96.57 and its 200-day moving average is $68.16. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last posted its 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. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period in the previous year, the business posted $3.65 EPS. Equities research analysts predict that United Airlines Holdings, Inc. will post 10.27 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 outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UAL. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of United Airlines in a research report on Friday, November 15th. Morgan Stanley increased their price target on United Airlines from $88.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Susquehanna increased their target price on United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. UBS Group boosted their price target on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Citigroup raised their price objective on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $106.45.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value 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. Insiders have sold 92,000 shares of company stock worth $8,158,900 over the last quarter. 0.63% of the stock is currently owned by company insiders.

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.