Nomura Asset Management Co. Ltd. Purchases 1,000 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Nomura Asset Management Co. Ltd. grew its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 24.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,165 shares of the transportation company’s stock after acquiring an additional 1,000 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in United Airlines were worth $295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UAL. Castle Hook Partners LP lifted its position in shares of United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after acquiring an additional 2,707,442 shares during the period. Point72 Asset Management L.P. raised its stake in 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 valued at $111,687,000 after purchasing an additional 1,905,664 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in United Airlines by 29.1% during the second 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 period. Rubric Capital Management LP acquired a new stake in United Airlines during the third quarter worth about $63,486,000. Finally, Sanders Capital LLC increased its holdings in United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after buying an additional 1,040,589 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Trading Down 0.9 %

Shares of NASDAQ UAL opened at $95.11 on Monday. The stock has a market cap 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. The firm has a 50 day moving average price of $84.18 and a two-hundred day moving average price of $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. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $105.09.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same period last year, the company earned $3.65 EPS. As a group, equities analysts forecast that United Airlines Holdings, Inc. will post 10.27 EPS for the current year.

United Airlines announced that its board has authorized a stock repurchase plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently issued reports on UAL. Morgan Stanley increased their price target on shares of United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein raised their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Susquehanna boosted their price target on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a report on Thursday, October 17th. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Finally, TD Cowen lifted their target price on United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $98.95.

Insider Buying and Selling

In related news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction 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 transaction, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,000 shares of company stock valued at $8,158,900 over the last ninety days. 0.63% of the stock is owned by company insiders.

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.