Coldstream Capital Management Inc. Sells 528 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Coldstream Capital Management Inc. reduced its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 10.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,744 shares of the transportation company’s stock after selling 528 shares during the period. Coldstream Capital Management Inc.’s holdings in United Airlines were worth $290,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after buying an additional 78,470 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in 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 in the last quarter. MidWestOne Financial Group Inc. grew its stake in United Airlines by 28.0% in the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after acquiring an additional 11,743 shares during the period. Aigen Investment Management LP increased its holdings in shares of United Airlines by 87.2% during the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock valued at $1,079,000 after acquiring an additional 8,808 shares in the last quarter. Finally, Edgestream Partners L.P. raised its position in shares of United Airlines by 293.6% during the third quarter. Edgestream Partners L.P. now owns 50,122 shares of the transportation company’s stock worth $2,860,000 after purchasing an additional 37,389 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred 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 directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the stock in a transaction 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 in the company, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock valued at $8,158,900 over the last ninety days. 0.63% of the stock is currently owned by insiders.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $95.11 on Monday. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $105.09. The company’s 50-day moving average is $84.18 and its 200 day moving average is $60.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The company has a market capitalization of $31.28 billion, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.12 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share 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 firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. During the same period in the prior year, the firm earned $3.65 EPS. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current year.

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. UBS Group restated a “buy” rating and set a $139.00 price target on shares of United Airlines in a research note on Tuesday, November 26th. TD Cowen upped their target price on shares of United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. 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 research report on Thursday, November 14th. Sanford C. Bernstein boosted their price objective on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group raised their target price on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $98.95.

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.