Baader Bank Aktiengesellschaft Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Baader Bank Aktiengesellschaft acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,449 shares of the transportation company’s stock, valued at approximately $917,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Trust Asset Management LLC acquired a new position in United Airlines during the third quarter worth $29,000. Strategic Investment Solutions Inc. IL purchased a new position in United Airlines during the 2nd quarter valued at about $30,000. Armstrong Advisory Group Inc. acquired a new position in United Airlines in the 3rd quarter valued at about $36,000. Winch Advisory Services LLC purchased a new stake in United Airlines during the fourth quarter worth about $38,000. Finally, Blue Trust Inc. lifted its position in shares of United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after purchasing an additional 392 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Trading Up 1.8 %

NASDAQ UAL opened at $108.26 on Thursday. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The firm has a market cap of $35.60 billion, a PE ratio of 11.48, a P/E/G ratio of 0.77 and a beta of 1.44. The firm’s fifty day moving average is $99.96 and its two-hundred day moving average is $72.34. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.72 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping 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 company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the firm earned $2.00 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Analysts expect that United Airlines Holdings, Inc. will post 12.7 earnings per share for the current year.

United Airlines declared that its board has authorized a stock buyback plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows 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 stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Sanford C. Bernstein upped their price objective on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Citigroup upped their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, Susquehanna boosted their target price on shares of United Airlines from $85.00 to $120.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. One 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $110.20.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the business’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 value of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

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.