Cwm LLC Boosts Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Cwm LLC boosted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 79.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,607 shares of the transportation company’s stock after purchasing an additional 6,027 shares during the quarter. Cwm LLC’s holdings in United Airlines were worth $776,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UAL. Interval Partners LP acquired a new position in shares of United Airlines in the first quarter worth $103,354,000. Point72 Asset Management L.P. raised its holdings in shares of United Airlines by 489.2% in the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after acquiring an additional 1,905,664 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after acquiring an additional 1,263,604 shares during the last quarter. Senator Investment Group LP acquired a new position in shares of United Airlines in the first quarter worth $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 acquiring an additional 584,500 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Bank of America boosted their price target on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday. TD Cowen upped their target price on United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday. Sanford C. Bernstein upped their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday. Susquehanna upped their target price on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Morgan Stanley upped their target price on United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.88.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $74.15 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 2.07. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $74.95. The business has a fifty day simple moving average of $51.38 and a 200 day simple moving average of $49.68. The firm has a market cap of $24.38 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 0.94 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its 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. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same period last year, the company earned $3.65 earnings per share. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 9.88 earnings per share for the current fiscal year.

United Airlines announced that its board has authorized a share repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.