6,407 Shares of United Airlines Holdings Inc $UAL Purchased by CenterBook Partners LP

CenterBook Partners LP acquired a new position in United Airlines Holdings Inc (NASDAQ:UAL) during the third quarter, Holdings Channel reports. The institutional investor acquired 6,407 shares of the transportation company’s stock, valued at approximately $711,000.

Several other large investors have also made changes to their positions in the business. International Assets Investment Management LLC lifted its holdings in shares of United Airlines by 11.2% during the third quarter. International Assets Investment Management LLC now owns 20,184 shares of the transportation company’s stock worth $2,256,000 after buying an additional 2,036 shares during the last quarter. Heritage Family Offices LLP bought a new position in United Airlines during the third quarter worth $121,000. Calamos Wealth Management LLC increased its position in United Airlines by 36.4% during the third quarter. Calamos Wealth Management LLC now owns 2,028 shares of the transportation company’s stock worth $225,000 after acquiring an additional 541 shares during the period. Calamos Advisors LLC increased its position in United Airlines by 152.0% during the third quarter. Calamos Advisors LLC now owns 638,284 shares of the transportation company’s stock worth $70,818,000 after acquiring an additional 385,046 shares during the period. Finally, Sanders Capital LLC raised its stake in United Airlines by 0.4% during the 3rd quarter. Sanders Capital LLC now owns 15,090,502 shares of the transportation company’s stock valued at $1,674,291,000 after purchasing an additional 62,554 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Up 0.1%

Shares of UAL stock opened at $120.56 on Wednesday. United Airlines Holdings Inc has a one year low of $84.64 and a one year high of $138.77. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.75 and a quick ratio of 0.68. The stock has a fifty day moving average price of $107.77 and a 200 day moving average price of $108.33. The stock has a market cap of $39.17 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 1.55 and a beta of 1.38.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.03). United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The business had revenue of $17.88 billion during the quarter, compared to the consensus estimate of $17.89 billion. During the same period last year, the firm earned $2.78 EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. Analysts predict that United Airlines Holdings Inc will post 7.04 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UAL shares. Wall Street Zen downgraded shares of United Airlines from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. BMO Capital Markets dropped their price objective on shares of United Airlines from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Thursday, October 22nd. Barclays cut their price objective on shares of United Airlines from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. TD Cowen cut their price objective on shares of United Airlines from $192.00 to $167.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Finally, Wells Fargo & Company reduced their target price on shares of United Airlines from $160.00 to $155.00 and set an “overweight” rating for the company in a research note on Thursday, October 22nd. Sixteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.19.

Insider Buying and Selling at United Airlines

In other news, EVP Kate Gebo sold 11,717 shares of United Airlines stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $119.50, for a total transaction of $1,400,181.50. Following the sale, the executive vice president directly owned 57,301 shares in the company, valued at approximately $6,847,469.50. The trade was a 16.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew Nocella sold 7,500 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $119.41, for a total transaction of $895,575.00. Following the completion of the sale, the executive vice president directly owned 207,455 shares in the company, valued at approximately $24,772,201.55. The trade was a 3.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 181,867 shares of company stock valued at $21,092,703 in the last 90 days. Insiders own 0.86% of the company’s stock.

Key Headlines Impacting United Airlines

Here are the key news stories impacting United Airlines this week:

• Positive Sentiment: United and the Metropolitan Washington Airports Authority opened Concourse E at Washington Dulles, adding 14 gates and upgraded passenger facilities. The expansion supports more international service and United’s goal of operating more than 300 daily departures from the hub, potentially creating room for future growth. United Airlines Expands Dulles Hub With New Concourse E Opening
• Positive Sentiment: A recent decline in oil prices eased fuel-cost concerns and helped lift airline shares, including United’s, in the prior session. Lower fuel costs can support airline margins if the decline persists. United Airlines Stocks Climb as Oil Slide Eases Fuel Pressure
• Negative Sentiment: CEO J. Scott Kirby sold 90,367 shares, while EVP Andrew Nocella sold 7,500 shares; EVP Kate Gebo also reported stock sales. Insider sales can raise concern about executives’ views, although the filings alone do not establish their reasons. SEC filing for CEO share sale

United Airlines Profile

United Airlines Holdings, Inc. operates United Airlines, a major U.S. passenger and cargo airline. The company provides domestic and international air transportation, cargo services, and travel-related offerings, including its MileagePlus loyalty program. Regional service is also offered under the United Express brand through partner airlines. United serves destinations across the Americas, Europe, Asia, Africa, and Oceania. Its network is organized around hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco, and Washington, D.C. The airline traces its history to Varney Air Lines, founded in 1926, and has developed through mergers and acquisitions over the decades.