Ritholtz Wealth Management Boosts Stake in United Airlines Holdings Inc $UAL

Ritholtz Wealth Management boosted its stake in United Airlines Holdings Inc (NASDAQ:UAL) by 42.5% in the 3rd quarter, Holdings Channel reports. The firm owned 27,618 shares of the transportation company’s stock after purchasing an additional 8,234 shares during the period. Ritholtz Wealth Management’s holdings in United Airlines were worth $2,665,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Bison Wealth LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in United Airlines by 24.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company’s stock worth $2,753,000 after purchasing an additional 7,713 shares during the period. Focus Partners Wealth lifted its position in shares of United Airlines by 92.7% during the first quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company’s stock worth $853,000 after purchasing an additional 5,939 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of United Airlines by 15.9% in the second quarter. Parallel Advisors LLC now owns 5,781 shares of the transportation company’s stock valued at $460,000 after purchasing an additional 792 shares during the period. Finally, Pallas Capital Advisors LLC boosted its stake in shares of United Airlines by 145.5% in the second quarter. Pallas Capital Advisors LLC now owns 12,106 shares of the transportation company’s stock valued at $964,000 after purchasing an additional 7,175 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Performance

NASDAQ UAL opened at $113.49 on Friday. The company has a fifty day moving average of $106.74 and a two-hundred day moving average of $100.16. The company has a market capitalization of $36.74 billion, a PE ratio of 11.37, a P/E/G ratio of 0.80 and a beta of 1.31. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.67 and a quick ratio of 0.61. United Airlines Holdings Inc has a 1 year low of $52.00 and a 1 year high of $119.21.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, October 15th. The transportation company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.13. United Airlines had a return on equity of 26.94% and a net margin of 5.64%.The company had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.31 billion. During the same quarter in the previous year, the business earned $3.33 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

UAL has been the topic of several recent research reports. Jefferies Financial Group upped their target price on shares of United Airlines from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. UBS Group upped their price objective on United Airlines from $142.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. BMO Capital Markets upgraded United Airlines to a “strong-buy” rating in a report on Tuesday, December 9th. Morgan Stanley set a $150.00 target price on United Airlines and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Finally, Barclays increased their price target on United Airlines from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.94.

Insider Buying and Selling at United Airlines

In other United Airlines news, CEO J Scott Kirby sold 120,000 shares of United Airlines stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $107.86, for a total value of $12,943,200.00. Following the transaction, the chief executive officer directly owned 666,535 shares in the company, valued at approximately $71,892,465.10. This trade represents a 15.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.71% of the company’s stock.

United Airlines Profile

United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.

In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.