MetLife Investment Management LLC Sells 2,196 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

MetLife Investment Management LLC decreased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,475 shares of the transportation company’s stock after selling 2,196 shares during the quarter. MetLife Investment Management LLC’s holdings in United Airlines were worth $4,877,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of UAL. Global Trust Asset Management LLC bought a new position in shares of United Airlines in the third quarter worth about $29,000. Strategic Investment Solutions Inc. IL bought a new position in United Airlines in the 2nd quarter valued at approximately $30,000. UMB Bank n.a. lifted its stake in United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 255 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of United Airlines during the third quarter worth $36,000. Finally, Quest Partners LLC increased its holdings in shares of United Airlines by 3,504.8% during the second quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock worth $37,000 after buying an additional 736 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UAL shares. Sanford C. Bernstein lifted their price target on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Jefferies Financial Group lifted their price target on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. UBS Group reaffirmed a “buy” rating and set a $139.00 target price on shares of United Airlines in a research report on Tuesday, November 26th. Finally, TD Cowen upped their price target 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 investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $96.15.

United Airlines Stock Up 0.5 %

United Airlines stock opened at $96.83 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The company has a market capitalization of $31.85 billion, a PE ratio of 11.68, a PEG ratio of 1.15 and a beta of 1.39. The firm’s fifty day moving average is $75.84 and its 200 day moving average is $57.45. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $101.60.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company posted $3.65 EPS. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has approved a stock buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the transaction, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,000 shares of company stock valued at $8,158,900. 0.63% of the stock is owned by company insiders.

United Airlines 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.