United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lessened its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 70.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 180,006 shares of the transportation company’s stock after selling 437,500 shares during the quarter. Calamos Advisors LLC owned about 0.05% of United Airlines worth $17,479,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new stake in United Airlines in the third quarter valued at $29,000. Armstrong Advisory Group Inc. acquired a new stake in shares of United Airlines during the 3rd quarter worth about $36,000. Winch Advisory Services LLC purchased a new stake in United Airlines in the 4th quarter valued at about $38,000. Blue Trust Inc. lifted its position in United Airlines by 108.6% in the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after buying an additional 392 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its stake in United Airlines by 31.4% during the third 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.

Analyst Ratings Changes

UAL has been the topic of a number of research analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Bank of America increased their target price on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. UBS Group lifted their target price on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. TD Cowen increased their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $110.20.

United Airlines Stock Performance

United Airlines stock opened at $104.83 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The stock has a 50 day moving average of $100.74 and a 200-day moving average of $73.64. The stock has a market cap of $34.48 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the firm earned $2.00 EPS. The company’s revenue was up 7.8% on a year-over-year basis. On average, analysts expect that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has authorized a share repurchase program 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 shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is currently owned by corporate insiders.

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.