Oak Thistle LLC Purchases New Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Oak Thistle LLC acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, Holdings Channel.com reports. The firm acquired 6,006 shares of the transportation company’s stock, valued at approximately $583,000.

A number of other hedge funds have also recently added to or reduced their stakes in UAL. Quest Partners LLC lifted its holdings in United Airlines by 3,504.8% in the second quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock worth $37,000 after acquiring an additional 736 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of United Airlines by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 488,640 shares of the transportation company’s stock worth $23,777,000 after purchasing an additional 83,184 shares during the last quarter. Federated Hermes Inc. boosted its position in United Airlines by 16,098.1% during the 2nd quarter. Federated Hermes Inc. now owns 8,585 shares of the transportation company’s stock valued at $418,000 after purchasing an additional 8,532 shares during the period. Massachusetts Financial Services Co. MA grew its stake in United Airlines by 2.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 311,092 shares of the transportation company’s stock worth $15,138,000 after buying an additional 8,231 shares during the last quarter. Finally, Edgestream Partners L.P. increased its position in United Airlines by 94.5% in the second quarter. Edgestream Partners L.P. now owns 12,733 shares of the transportation company’s stock worth $620,000 after buying an additional 6,185 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UAL. TD Cowen boosted their price target on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Bank of America boosted their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Jefferies Financial Group raised their price target on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Susquehanna boosted their price objective on United Airlines from $85.00 to $120.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $106.45.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the firm’s 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 in the company, valued at $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 available through this link. Also, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 63,599 shares in the company, valued at $6,049,536.88. This 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.

United Airlines Price Performance

NASDAQ:UAL opened at $106.11 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The business’s 50-day moving average price is $96.92 and its 200 day moving average price is $68.42. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $110.92. The firm has a market cap of $34.90 billion, a P/E ratio of 12.80, a PEG ratio of 0.98 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter in the previous year, the company posted $3.65 EPS. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 10.32 earnings per share for the current fiscal year.

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