Crewe Advisors LLC Trims Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Crewe Advisors LLC cut its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 20.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 404 shares of the transportation company’s stock after selling 107 shares during the quarter. Crewe Advisors LLC’s holdings in United Airlines were worth $39,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Castle Hook Partners LP increased its holdings in United Airlines by 176.1% during the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after buying an additional 2,707,442 shares during the period. Rubric Capital Management LP purchased a new position in United Airlines during the third quarter valued at approximately $63,486,000. Sanders Capital LLC increased its holdings in United Airlines by 12.4% during the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after buying an additional 1,040,589 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after buying an additional 908,558 shares during the period. Finally, SG Americas Securities LLC increased its holdings in United Airlines by 1,492.8% during the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock valued at $88,557,000 after buying an additional 854,759 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction on 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 of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is owned by corporate insiders.

United Airlines Trading Up 1.2 %

NASDAQ UAL opened at $109.15 on Friday. The company has a market capitalization of $35.90 billion, a PE ratio of 11.57, a P/E/G ratio of 0.69 and a beta of 1.43. The company has a fifty day moving average of $101.37 and a 200 day moving average of $74.71. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

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

United Airlines declared that its board has authorized a share repurchase plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on UAL shares. Bank of America lifted their price objective on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. TD Cowen raised their target price on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Sanford C. Bernstein raised their target price on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Susquehanna raised their target price on shares of United Airlines from $120.00 to $130.00 and gave the company a “positive” rating in a research note on Tuesday. Finally, Raymond James restated an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, United Airlines presently has a consensus rating of “Buy” and an average target price of $110.83.

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.