Kovack Advisors Inc. Trims Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Kovack Advisors Inc. lowered its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 26.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,083 shares of the transportation company’s stock after selling 1,470 shares during the quarter. Kovack Advisors Inc.’s holdings in United Airlines were worth $233,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Interval Partners LP purchased a new stake in shares of United Airlines in the first quarter valued at approximately $103,354,000. Point72 Asset Management L.P. lifted its holdings in shares of United Airlines by 489.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after buying an additional 1,905,664 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of United Airlines by 29.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after buying an additional 1,263,604 shares during the period. Assenagon Asset Management S.A. grew its position in shares of United Airlines by 177.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock worth $75,570,000 after buying an additional 847,348 shares in the last quarter. Finally, Senator Investment Group LP purchased a new position in shares of United Airlines during the first quarter valued at $35,910,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 0.0 %

Shares of United Airlines stock opened at $91.17 on Friday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $93.33. The firm’s 50-day moving average price is $66.04 and its 200 day moving average price is $54.19. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $29.98 billion, a PE ratio of 11.00, a P/E/G ratio of 1.06 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last announced its quarterly 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 firm had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter in the previous year, the company posted $3.65 EPS. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal 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 outstanding shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on UAL shares. Jefferies Financial Group increased their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Bank of America increased their price objective 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. Morgan Stanley boosted their price objective on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Barclays increased their target price on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Sanford C. Bernstein boosted their price target on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, United Airlines has a consensus rating of “Moderate Buy” and a consensus target price of $86.61.

Insider Buying and Selling

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the transaction, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the business’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 sale, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate 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.