Yousif Capital Management LLC Purchases 8,499 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Yousif Capital Management LLC boosted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 20.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,131 shares of the transportation company’s stock after purchasing an additional 8,499 shares during the quarter. Yousif Capital Management LLC’s holdings in United Airlines were worth $4,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of UAL. Global Trust Asset Management LLC acquired a new position in United Airlines in the third quarter valued at approximately $29,000. Armstrong Advisory Group Inc. bought a new stake in shares of United Airlines during the 3rd quarter valued at $36,000. Winch Advisory Services LLC acquired a new position in shares of United Airlines in the 4th quarter valued at $38,000. Blue Trust Inc. boosted its position 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 worth $43,000 after purchasing an additional 392 shares during the last quarter. Finally, Cromwell Holdings LLC increased its holdings in United Airlines by 31.4% in the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Insider Buying and Selling

In related news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UAL. Raymond James restated an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Barclays boosted their price objective on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Citigroup increased their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Susquehanna raised their price objective on United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday. One investment 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’s stock. According to MarketBeat, United Airlines currently has an average rating of “Buy” and a consensus price target of $110.83.

United Airlines Price Performance

Shares of UAL opened at $109.00 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The stock has a market capitalization of $35.85 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.69 and a beta of 1.43. The company has a 50 day moving average of $101.63 and a 200-day moving average of $74.95.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has initiated a share buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

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.