United Airlines Holdings Inc $UAL Stock: Calamos Advisors LLC Increases Holdings

Calamos Advisors LLC increased its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 152.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 638,284 shares of the transportation company’s stock after buying an additional 385,046 shares during the quarter. Calamos Advisors LLC’s holdings in United Airlines were worth $70,818,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Dunhill Financial LLC purchased a new stake in shares of United Airlines during the second quarter worth approximately $25,000. Western Wealth Management LLC purchased a new position in United Airlines in the 1st quarter valued at $27,000. Elevation Wealth Partners LLC grew its position in United Airlines by 393.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock valued at $29,000 after buying an additional 169 shares during the last quarter. Trust Co. of Vermont purchased a new position in United Airlines during the 2nd quarter worth $29,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of United Airlines in the 2nd quarter worth $32,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on UAL shares. Morgan Stanley boosted their price target on shares of United Airlines from $185.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Weiss Ratings restated a “hold (c+)” rating on shares of United Airlines in a research report on Thursday, October 15th. JPMorgan Chase & Co. lifted their price objective on United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Susquehanna cut their target price on United Airlines from $150.00 to $130.00 and set a “positive” rating for the company in a research note on Thursday, October 22nd. Finally, Barclays reduced their price target on United Airlines from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Friday, September 11th. Sixteen research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.19.

United Airlines Price Performance

NASDAQ UAL traded up $2.25 during mid-day trading on Friday, hitting $112.74. The stock had a trading volume of 5,081,692 shares, compared to its average volume of 5,345,439. The company has a 50 day simple moving average of $107.33 and a 200 day simple moving average of $108.23. The company has a market cap of $36.63 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 1.38 and a beta of 1.38. United Airlines Holdings Inc has a 52-week low of $84.64 and a 52-week high of $138.77. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.38.

United Airlines (NASDAQ:UAL) last posted 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 firm had revenue of $17.88 billion during the quarter, compared to analyst estimates of $17.89 billion. United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the company posted $2.78 EPS. Equities analysts forecast that United Airlines Holdings Inc will post 7.10 EPS for the current fiscal year.

Insider Buying and Selling at United Airlines

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

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.