United Airlines Holdings, Inc. (NASDAQ:UAL) Stock Holdings Lessened by OLD National Bancorp IN

OLD National Bancorp IN cut its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 145,166 shares of the transportation company’s stock after selling 6,082 shares during the period. OLD National Bancorp IN’s holdings in United Airlines were worth $14,096,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UAL. Global Trust Asset Management LLC acquired a new stake in shares of United Airlines during the 3rd quarter valued at about $29,000. Strategic Investment Solutions Inc. IL bought a new position in United Airlines during the second quarter valued at approximately $30,000. Armstrong Advisory Group Inc. acquired a new stake in United Airlines in the third quarter valued at approximately $36,000. Winch Advisory Services LLC bought a new stake in United Airlines in the fourth quarter worth approximately $38,000. Finally, Blue Trust Inc. increased its stake in shares of United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after purchasing an additional 392 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Trading Up 1.8 %

Shares of UAL opened at $108.26 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.99. The stock has a market cap of $35.60 billion, a PE ratio of 11.48, a PEG ratio of 0.77 and a beta of 1.44. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The stock has a 50 day simple moving average of $99.96 and a 200-day simple moving average of $72.34.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the business earned $2.00 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 12.7 EPS for the current fiscal year.

United Airlines announced that its board has approved a stock buyback plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding 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 usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

UAL has been the subject of several analyst reports. Jefferies Financial Group lifted their price objective on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. UBS Group boosted their price objective on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Bank of America raised their target price on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. boosted their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $110.20.

Insider Activity at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines 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 completion of the transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now directly 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. 0.63% of the stock is currently owned by 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.