Creative Planning Buys 18,767 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Creative Planning raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 16.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,807 shares of the transportation company’s stock after purchasing an additional 18,767 shares during the period. Creative Planning’s holdings in United Airlines were worth $7,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of UAL. Interval Partners LP acquired a new stake in United Airlines in the first quarter worth about $103,354,000. Point72 Asset Management L.P. boosted its stake in 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 purchasing an additional 1,905,664 shares in the last quarter. Dimensional Fund Advisors LP grew its position in United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after purchasing an additional 1,263,604 shares during the last quarter. Senator Investment Group LP acquired a new position in United Airlines during the 1st quarter valued at approximately $35,910,000. Finally, Canada Pension Plan Investment Board raised its holdings in shares of United Airlines by 452.0% in the first quarter. Canada Pension Plan Investment Board now owns 713,800 shares of the transportation company’s stock worth $34,177,000 after buying an additional 584,500 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the transaction, the executive vice president now owns 30,427 shares in the company, valued at $2,190,744. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.63% of the company’s stock.

United Airlines Stock Down 1.4 %

UAL stock opened at $73.45 on Thursday. United Airlines Holdings, Inc. has a one year low of $33.68 and a one year high of $74.96. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.71 and a current ratio of 0.79. The firm’s fifty day moving average is $53.39 and its 200 day moving average is $50.35. The firm has a market cap of $24.15 billion, a PE ratio of 9.08, a P/E/G ratio of 0.98 and a beta of 1.44.

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 during the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter in the previous year, the business earned $3.65 EPS. On average, research analysts forecast that United Airlines Holdings, Inc. will post 10.05 EPS for the current year.

United Airlines announced that its Board of Directors has approved a stock buyback program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are typically a sign 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 the stock. Morgan Stanley boosted their price objective on shares of United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Sanford C. Bernstein increased their price objective on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Susquehanna raised their price objective on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Barclays upped their target price on United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group raised their price target on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.94.

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.