Strategic Advisors LLC Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Strategic Advisors LLC acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,002 shares of the transportation company’s stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors have also modified their holdings of UAL. Hemington Wealth Management grew its position in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Roxbury Financial LLC purchased a new position in United Airlines during the 4th quarter worth $32,000. Winch Advisory Services LLC purchased a new position in United Airlines during the 4th quarter worth $38,000. Global Trust Asset Management LLC purchased a new position in United Airlines during the 3rd quarter worth $29,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in United Airlines by 25.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock worth $69,000 after purchasing an additional 142 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 21st. UBS Group boosted their price objective on shares of United Airlines from $139.00 to $140.00 and gave the stock 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. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Finally, Raymond James reissued an “outperform” rating and set a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $113.88.

United Airlines Stock Up 3.3 %

Shares of NASDAQ:UAL opened at $104.26 on Tuesday. The stock has a market capitalization of $34.29 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company’s fifty day moving average is $102.34 and its two-hundred day moving average is $77.79. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL) last issued its earnings results 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. The company had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.00 earnings per share. Equities analysts anticipate that United Airlines Holdings, Inc. will post 13.09 EPS for the current year.

Insider Transactions at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This 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 is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

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.