United Airlines Holdings Inc $UAL Stock Holdings Boosted by Calamos Advisors LLC

Key Points

• Calamos Advisors increased its United Airlines stake by 152% in the third quarter, ending the period with 638,284 shares worth about $70.8 million. Institutional investors and hedge funds collectively held 69.69% of the company’s stock.
• Two executives disclosed share sales: President Brett Hart sold 39,000 shares, while EVP Andrew Nocella sold 5,000 shares.
• Analysts’ consensus rating was “Moderate Buy,” with an average price target of $156.19. United’s latest quarterly results slightly missed estimates, reporting EPS of $2.54 versus $2.57 expected and revenue of $17.88 billion versus $17.89 billion expected.

Calamos Advisors LLC grew its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 152.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 638,284 shares of the transportation company's stock after purchasing an additional 385,046 shares during the period. Calamos Advisors LLC owned about 0.20% of United Airlines worth $70,818,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Primecap Management Co. CA purchased a new position in United Airlines in the 2nd quarter valued at approximately $2,238,617,000. Sanders Capital LLC grew its stake in shares of United Airlines by 0.4% in the third quarter. Sanders Capital LLC now owns 15,090,502 shares of the transportation company's stock worth $1,674,291,000 after acquiring an additional 62,554 shares in the last quarter. State Street Corp increased its position in shares of United Airlines by 1.4% during the second quarter. State Street Corp now owns 11,788,111 shares of the transportation company's stock worth $1,603,065,000 after acquiring an additional 162,283 shares during the period. Dimensional Fund Advisors LP increased its position in shares of United Airlines by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company's stock worth $521,330,000 after acquiring an additional 190,017 shares during the period. Finally, Amundi raised its stake in shares of United Airlines by 57.4% in the second quarter. Amundi now owns 1,916,864 shares of the transportation company's stock valued at $260,674,000 after acquiring an additional 699,334 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Buying and Selling at United Airlines

In related news, President Brett J. Hart sold 39,000 shares of the stock in a transaction on Friday, October 30th. The shares were sold at an average price of $102.68, for a total value of $4,004,520.00. Following the transaction, the president directly owned 325,122 shares of the company's stock, valued at $33,383,526.96. This trade represents a 10.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Andrew Nocella sold 5,000 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total transaction of $585,000.00. Following the completion of the sale, the executive vice president directly owned 214,955 shares of the company's stock, valued at approximately $25,149,735. This trade represents a 2.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on UAL. Barclays lowered their target price on United Airlines from $175.00 to $160.00 and set an "overweight" rating for the company in a research note on Friday, September 11th. Argus reduced their price target on United Airlines from $140.00 to $125.00 and set a "buy" rating on the stock in a research report on Thursday, October 22nd. Evercore reiterated an "outperform" rating and issued a $160.00 price objective on shares of United Airlines in a research note on Wednesday, October 21st. Jefferies Financial Group reissued a "buy" rating and set a $142.00 price objective on shares of United Airlines in a research report on Wednesday, October 21st. Finally, TD Cowen cut their target price on shares of United Airlines from $192.00 to $167.00 and set a "buy" rating on the stock in a research note on Friday, October 2nd. Sixteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, United Airlines has a consensus rating of "Moderate Buy" and an average price target of $156.19.

United Airlines Stock Up 2.0%

Shares of NASDAQ:UAL traded up $2.25 on Friday, hitting $112.74. 5,081,692 shares of the company's stock were exchanged, compared to its average volume of 5,345,439. United Airlines Holdings Inc has a 1-year low of $84.64 and a 1-year high of $138.77. The company has a market capitalization of $36.63 billion, a PE ratio of 10.31, a P/E/G ratio of 1.38 and a beta of 1.38. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.68 and a current ratio of 0.75. The firm's 50-day moving average is $107.33 and its 200 day moving average is $108.23.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.03). The business had revenue of $17.88 billion for the quarter, compared to analyst estimates of $17.89 billion. United Airlines had a return on equity of 17.59% and a net margin of 5.46%. United Airlines's revenue was up 17.4% on a year-over-year basis. During the same period last year, the business posted $2.78 EPS. Sell-side analysts predict that United Airlines Holdings Inc will post 7.10 EPS for the current year.

About United Airlines

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, DC

The airline traces its history to Varney Air Lines, founded in 1926, and has developed through mergers and acquisitions over the decades.

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