SteelPeak Wealth LLC Has $529,000 Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

SteelPeak Wealth LLC increased its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 54.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,444 shares of the transportation company’s stock after acquiring an additional 1,916 shares during the quarter. SteelPeak Wealth LLC’s holdings in United Airlines were worth $529,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UAL. Global Trust Asset Management LLC acquired a new position in shares of United Airlines in the 3rd quarter valued at about $29,000. Strategic Investment Solutions Inc. IL acquired a new position in United Airlines in the second quarter valued at approximately $30,000. Armstrong Advisory Group Inc. bought a new position in shares of United Airlines during the 3rd quarter worth approximately $36,000. Winch Advisory Services LLC acquired a new stake in shares of United Airlines during the 4th quarter worth approximately $38,000. Finally, Blue Trust Inc. increased its stake in shares of United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 392 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UAL. Citigroup lifted their price objective on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. TD Cowen increased their price objective on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a research note on Friday, November 15th. Bank of America lifted their target price on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, Sanford C. Bernstein increased their price target on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $110.20.

United Airlines Stock Up 1.1 %

United Airlines stock opened at $109.40 on Friday. The firm has a market capitalization of $35.98 billion, a price-to-earnings ratio of 11.60, a P/E/G ratio of 0.77 and a beta of 1.44. The firm has a 50 day simple moving average of $100.23 and a 200 day simple moving average of $72.59. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (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 company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the company posted $2.00 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, analysts predict that United Airlines Holdings, Inc. will post 12.7 earnings per share for the current year.

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

Insider Transactions at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction 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 owns 63,599 shares in the company, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

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.