Calamos Advisors LLC Has $17.48 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Calamos Advisors LLC decreased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 70.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 180,006 shares of the transportation company’s stock after selling 437,500 shares during the period. Calamos Advisors LLC’s holdings in United Airlines were worth $17,479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of UAL. B. Riley Wealth Advisors Inc. boosted its holdings in shares of United Airlines by 23.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 6,466 shares of the transportation company’s stock worth $315,000 after buying an additional 1,242 shares during the period. Truist Financial Corp increased its stake in United Airlines by 34.7% in the second quarter. Truist Financial Corp now owns 34,318 shares of the transportation company’s stock valued at $1,670,000 after acquiring an additional 8,843 shares during the period. Sanctuary Advisors LLC acquired a new position in United Airlines in the second quarter worth about $1,604,000. Centaurus Financial Inc. lifted its stake in United Airlines by 24.0% during the second quarter. Centaurus Financial Inc. now owns 4,654 shares of the transportation company’s stock worth $226,000 after purchasing an additional 900 shares during the period. Finally, Czech National Bank boosted its holdings in United Airlines by 6.9% during the third quarter. Czech National Bank now owns 66,987 shares of the transportation company’s stock valued at $3,822,000 after purchasing an additional 4,331 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on UAL. Morgan Stanley raised their target price on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. UBS Group lifted their price objective on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Citigroup increased their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Raymond James restated an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $110.20.

Insider Activity

In other news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were 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 in the company, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is currently owned by corporate insiders.

United Airlines Trading Down 1.0 %

Shares of UAL stock opened at $104.83 on Tuesday. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The stock has a 50-day moving average of $100.74 and a 200-day moving average of $73.64. The stock has a market cap of $34.48 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 0.69 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 EPS. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current year.

United Airlines declared that its Board of Directors has approved a stock repurchase plan on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

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.