Crewe Advisors LLC Has $29,000 Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Crewe Advisors LLC decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 22.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 511 shares of the transportation company’s stock after selling 147 shares during the period. Crewe Advisors LLC’s holdings in United Airlines were worth $29,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Cerity Partners LLC increased its stake in United Airlines by 111.9% in the 3rd quarter. Cerity Partners LLC now owns 49,581 shares of the transportation company’s stock valued at $2,829,000 after buying an additional 26,188 shares during the period. Icon Wealth Advisors LLC grew its holdings in shares of United Airlines by 1,886.6% during the 3rd quarter. Icon Wealth Advisors LLC now owns 52,584 shares of the transportation company’s stock valued at $3,000,000 after acquiring an additional 49,937 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after acquiring an additional 908,558 shares during the last quarter. Highland Peak Capital LLC purchased a new stake in shares of United Airlines during the third quarter worth $16,325,000. Finally, Landscape Capital Management L.L.C. boosted its position in United Airlines by 190.6% during the third quarter. Landscape Capital Management L.L.C. now owns 106,645 shares of the transportation company’s stock valued at $6,085,000 after purchasing an additional 69,945 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Airlines

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

United Airlines Trading Up 0.9 %

Shares of UAL stock opened at $95.24 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $95.99. The firm’s fifty day simple moving average is $71.42 and its 200 day simple moving average is $55.95. The firm has a market capitalization of $31.32 billion, a P/E ratio of 11.49, a price-to-earnings-growth ratio of 1.13 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the prior year, the business earned $3.65 earnings per share. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines declared that its Board of Directors has initiated a share buyback plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UAL shares. Susquehanna raised their price target on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Jefferies Financial Group raised their price objective on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Morgan Stanley boosted their target price on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Barclays raised their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Bank of America upped their price objective on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and a consensus target price of $88.28.

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.