Quantum Financial Advisors LLC Takes $215,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Quantum Financial Advisors LLC acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,215 shares of the transportation company’s stock, valued at approximately $215,000.

A number of other institutional investors also recently bought and sold shares of the company. Friedenthal Financial purchased a new position in shares of United Airlines during the 4th quarter worth $796,000. JCIC Asset Management Inc. boosted its stake in United Airlines by 58.4% during the fourth quarter. JCIC Asset Management Inc. now owns 1,885 shares of the transportation company’s stock worth $183,000 after buying an additional 695 shares during the period. Accelerate Investment Advisors LLC purchased a new stake in shares of United Airlines in the 4th quarter valued at approximately $295,000. Moody National Bank Trust Division boosted its position in shares of United Airlines by 2.1% during the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after purchasing an additional 98 shares during the period. Finally, Wedmont Private Capital increased its holdings in United Airlines by 11.3% in the 4th quarter. Wedmont Private Capital now owns 4,553 shares of the transportation company’s stock valued at $488,000 after purchasing an additional 464 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the sale, the executive vice president now owns 63,599 shares in the company, valued at $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the transaction, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is owned by insiders.

United Airlines Trading Down 2.2 %

Shares of United Airlines stock opened at $104.71 on Tuesday. The company has a fifty day simple moving average of $96.01 and a 200-day simple moving average of $67.74. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $110.92. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The stock has a market cap of $34.44 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.12 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter last year, the company posted $3.65 earnings per share. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 10.27 EPS for the current fiscal year.

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Citigroup raised their price target on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley lifted their target price on United Airlines from $88.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of United Airlines in a research report on Friday, November 15th. Susquehanna lifted their price objective on shares of United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Finally, Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, United Airlines currently has a consensus rating of “Buy” and a consensus price target of $106.45.

About United Airlines

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.