3,205 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Acquired by CX Institutional

CX Institutional purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,205 shares of the transportation company’s stock, valued at approximately $311,000.

Several other large investors have also recently modified their holdings of the business. Global Trust Asset Management LLC acquired a new stake in United Airlines in the third quarter valued at $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of United Airlines in the second quarter valued at about $30,000. Armstrong Advisory Group Inc. bought a new position in shares of United Airlines during the third quarter worth about $36,000. Winch Advisory Services LLC acquired a new position in shares of United Airlines in the fourth quarter worth approximately $38,000. Finally, Blue Trust Inc. increased its position in United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 392 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Up 1.9 %

Shares of NASDAQ UAL opened at $105.00 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.99. The business has a 50-day moving average of $99.39 and a 200-day moving average of $71.30. The firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.77 and a beta of 1.44. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00.

United Airlines (NASDAQ:UAL) last released 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. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the firm earned $2.00 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Sell-side analysts expect that United Airlines Holdings, Inc. will post 12.7 earnings per share for the current fiscal year.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Raymond James reissued an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research note on Thursday. JPMorgan Chase & Co. increased their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Susquehanna upped their price objective on shares of United Airlines from $85.00 to $120.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Sanford C. Bernstein lifted their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Citigroup raised their price target on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, United Airlines has a consensus rating of “Buy” and a consensus target price of $110.20.

Insider Activity

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. The trade was 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. Also, EVP Kate Gebo sold 17,500 shares of the stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $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. 0.63% of the stock is owned by corporate insiders.

United Airlines Company 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.